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Definition of Conversion
The act of changing from one type of life insurance policy to another, without having to give evidence of insurability.
the process of transformation or change
The length of time between a firm's purchase of inventory and the receipt of cash
Period between firm’s payment for materials
Refers to the sum of manufacturing direct labor and overhead
the total of direct labor and overhead cost;
Rules set by the Chicago Board of Trade for determining the invoice price of each
Related:Market conversion price
The percentage by which the conversion price in a convertible security exceeds the
The number of shares of common stock that the security holder will receive from
Term life insurance products are offered as non-convertible or convertible to a certain time in the future. The coversion right has a time limit, usually to the policy holder's age 60 or possibly even age 70. This right means that the policy holder has the right to convert their existing policy to another specific different plan of permanent insurance within the specified time period, without providing evidence of insurability. There is a slightly higher cost for a term policy with the conversion priviledge but it is a valuable feature should a policy holder's health change for the worst and continued insurance coverage becomes a necessity.
Also called parity value, the value of a convertible security if it is converted immediately.
Use of a firm's call option on a callable convertible bond when the firm knows that the
Also called conversion parity price, the price that an investor effectively pays for
At the time of issuance of a convertible security, the price the issuer effectively
With respect to convertible bonds, the value the security would have if it were not convertible
Convertible preferred stock that may be exchanged, at the
The accounting period adopted by a business for the production of its financial statements.
The cost of any labor that supports the production process, but which is
a company engaged in a high degree of conversion
The percentage by which the conversion value of a convertible security exceeds the
Registered Pension Plan
Commonly referred to as an RPP this is a tax sheltered employee group plan approved by Federal and Provincial governments allowing employees to have deductions made directly from their wages by their employer with a resulting reduction of income taxes at source. These plans are easy to implement but difficult to dissolve should the group have a change of heart. Employer contributions are usually a percentage of the employee's salary, typically from 3% to 5%, with a maximum of the lessor of 20% or $3,500 per annum. The employee has the same right of contribution. Vesting is generally set at 2 years, which means that the employee has right of ownership of both his/her and his/her employers contributions to the plan after 2 years. It also means that all contributions are locked in after 2 years and cannot be cashed in for use by the employee in a low income year. Should the employee change jobs, these funds can only be transferred to the RPP of a new employer or the funds can be transferred to an individual RRSP (or any number of RRSPs) but in either scenario, the funds are locked in and cannot be accessed until at least age 60. The only choices available to access locked in RPP funds after age 60 are the conversion to a Life Income Fund or a Unisex Annuity.
Registered Retirement Savings Plan (Canada)
Commonly referred to as an RRSP, this is a tax sheltered and tax deferred savings plan recognized by the Federal and Provincial tax authorities, whereby deposits are fully tax deductable in the year of deposit and fully taxable in the year of receipt. The ability to defer taxes on RRSP earnings allows one to save much faster than is ordinarily possible. The new rules which apply to RRSP's are that the holder of such a plan must convert it into income by the end of the year in which the holder turns age 69. The choices for conversion are to simply cash it in an pay full tax in the year of receipt, convert it to a RRIF and take a varying stream of income, paying tax on the amount received annually until the income is exhausted, or converting it into an annuity with guaranteed payments for a chosen number of years, again paying tax each year on moneys received.
an individual or firm engaged in a high or moderate degree of conversion that results in service output
A fee paid to an underwriter in connection with an underwritten rights offering or an
Any items being converted into finished goods or released from
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