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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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