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  2. Law dictionary
  3. Conversion

Conversion

noun

Exchanging one sort of property for another (such as exchanging money for goods); or acting unlawfully to deprive someone of their ownership of goods.

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For example

Their investment portfolio converted some of the cash on hand into property.

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For Property law and Commercial law
Agricultural holding
Chief rent
Guarantor
Messuage

Other useful terms:

Absolute owner

The final owner of property such as equipment, buildings, land or vehicles: the person who has the right to do what they wish with the item, subject to the law.

Beneficial owner

The owner of a piece of land (and the buildings on it). Beneficial owners have the right: to the income their land generates; or to use the land for their own purposes. It can also be a person who really owns something even though it is held in someone else's name.

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