The name of a writ for the breach of any covenant in writing, whether real or personal. Reg. Orig. 115; Fitzh. Nat Brev. 145.

This name is sometimes given to compacts or treaties with for eign countries as to the apprehension and extradition of fugitive offenders. See EXTBADITION

In ecclesiastical law . That which consists of regular clerks, professing some order or religion; or of dean and chapter ; or other societies of spiritual men

Religious men united in a convent or religious house. Cowell

In the Roman law. A court of sessions held in the Roman provinces, by the president of the province, assisted by a certain number of counsellors and assessors, at fixed […]

A coming together; a convention or assembly. Conventus magnatum vel proeerum (the assembly of chief men or peers) was one of the names of the English parliament 1 Bl. Comm. […]

(1) In the EXCHANGETRADED DERIVATIVE market, the gradual drawing together of SPOT PRICES and FUTURES PRICES as contract maturity approaches; the convergence means that the BASIS, or price difference, gradually […]

One who Is in the habit of being in a particular place is said to be conversant there. Barnes, 162. Acquainted ; familiar.

In old English law . Conversant or dwelling; commorant

Manner of living; habits of life; conduct; as in the phrase “chaste life and conversation .” Bradshaw v. People, 153 111. 150, 38 N. E. 652. ” Criminal conversation ” […]

The transposition of the subject and predicate in a proposition , as: “Everything is good In its place.” Converse, “Nothing is good which is not in its place.” Wharton.

This term applies to taking another person’s property without any cause or permission . It is an unlawful action.

An ARBITRAGE strategy that takes advantage of mispricing of OPTIONS in relation to PUTCALL PARITY . The strategy may involve the purchase of

A multiplicative factor that is applied to a DELIVERABLE ASSET under an EXCHANGETRADED DERIVATIVE contract to determine the precise amount that needs to be delivered. Since different types and grades […]

The transformation of one species of property into another, as money into land or laud into money; or, more particularly, a fiction of law , by which equity assumes that […]

The market value of the shares of COMMON STOCK into which a CONVERTIBLE BOND can be exchanged, generally computed as: where Convratio is the CONVERSION RATIO and S is the […]

The additional amount an investor in a CONVERTIBLE BOND pays above CONVERSION PARITY to acquire the bond, generally expressed as a percentage of parity: where PCB is the price of […]

The price at which an investor holding a CONVERTIBLE BOND exchanges the bond for shares of COMMON STOCK , computed as: where ParCB is the PAR VALUE of the convertible […]

The number of shares of stock an investor receives in converting the CONVERTIBLE BOND , computed via: where ParCB is the PAR VALUE of the convertible bond and Convprice is […]

The right to exchange one currency for another. Resident and nonresident holders can exchange a fully CONVERTIBLE CURRENCY at will, without seeking permission from government authorities ; a NONCONVERTIBLE CURRENCY […]

The RISK of loss arising from an inability to convert local currency into a fully CONVERTIBLE CURRENCY and/or to repatriate convertible currency back to a home country as a result […]

A hybrid DEBT/ EQUITY security that consists of a COUPONbearing BOND and an embedded equity OPTION that allows the investor to convert into a specified number of shares of COMMON […]

the term that is given to bonds that are able to be converted or turned into stock.

A currency that can be freely exchanged into another currency for any purpose, without regulatory restrictions . Convertible currencies are generally associated with open and stable economies, and their prices […]

A class of PREFERRED STOCK that allows the investor to convert it into a specified number of shares of COMMON STOCK once a conversion price is reached. Convertible preferreds pay […]