Conversion

Business, Legal & Accounting Glossary

Definition: Conversion




What is the dictionary definition of Conversion?

Dictionary Definition


n. a civil wrong (tort) in which one converts another’s property to his/her own use, which is a fancy way of saying “steals.” Conversion includes treating another’s goods as one’s own, holding onto such property which accidentally comes into the convertor’s (taker’s) hands, or purposely giving the impression the assets belong to him/her. This gives the true owner the right to sue for his/her own property or the value and loss of use of it, as well as going to law enforcement authorities since conversion usually includes the crime of theft.


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https://payrollheaven.com/define/conversion/
Modern Language Association (MLA):
Conversion. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/conversion/.
Chicago Manual of Style (CMS):
Conversion. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/conversion/ (accessed: September 26, 2021).
American Psychological Association (APA):
Conversion. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/conversion/

Definition Sources


Definitions for Conversion are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.