conversion clause

conversion clause
conversion or convertibility clause
A provision in an adjustable-rate mortgage that allows the borrower to change from an ARM to a fixed-rate loan at some point during the term. A provision in convertible securities specifying conversion rights.

Black's law dictionary. . 1990.

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  • conversion clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

  • conversion or convertibility clause — A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights. See convertible securities …   Black's law dictionary

  • conversion or convertibility clause — A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights. See convertible securities …   Black's law dictionary

  • Conversion Option — A clause associated with some adjustable rate mortgages that allows the borrower to convert the variable interest rate to a fixed rate within a certain time period, or at certain future dates. The conversion option is not free; an adjustable rate …   Investment dictionary

  • convertibility clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

  • convertibility clause — conversion or convertibility clause A provision in an adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan at some point during the term. A provision in convertible securities specifying conversion rights.… …   Black's law dictionary

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