con·vert /kən-'vərt/ vt
1 a: to change from one form or use to another
b: to exchange (property) for another esp. of a different kind
if property...is compulsorily or involuntarily convert ed — Internal Revenue Code; esp: to exercise the right of conversion by exchanging (preferred shares or bonds) for common stock
2: to appropriate (another's property) by conversion
con·vert·er n
con·ver·ti·ble /kən-'vər-tə-bəl/ adj
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.