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LSDefine

Simple English definitions for legal terms

conversion security

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A quick definition of conversion security:

A conversion security is a type of collateral that is pledged to guarantee the repayment of a debt. It can be anything from a stock or bond to a certificate of deposit or even a right to purchase something. Essentially, it is something of value that a creditor can take if the debtor fails to repay the debt. It is important to note that securities do not have intrinsic value, but rather represent ownership or creditor rights in something else.

A more thorough explanation:

Definition: Conversion security is a type of security that is used as collateral to guarantee the repayment of a debt. It is an assurance given to a creditor that they will be repaid any money or credit extended to a debtor, usually with interest.

For example, if you take out a loan from a bank, the bank may require you to provide a conversion security, such as a property or a valuable asset, as collateral. This means that if you fail to repay the loan, the bank can seize the conversion security to recover their money.

Conversion security can also refer to an instrument that represents ownership rights in a company, such as stocks or bonds. These securities are traded on the stock market and their value depends on the financial condition and future prospects of the company.

Overall, conversion security is an important concept in finance and is used to provide assurance to creditors and investors that their money is safe and will be repaid.

conversion ratio | conversion value

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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