conversion of funds

/kənˌvɜ:ʃ(ə)n əv 'fʌndz/ noun
the act of using money which does not belong to you for a purpose for which it is not supposed to be used

Dictionary of banking and finance. 2015.

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  • conversion — con·ver·sion /kən vər zhən/ n 1 a: the act of changing from one form or use to another b: the act of exchanging one kind of property for another; esp: the act of exchanging preferred stocks or bonds for shares of common stock of the same company… …   Law dictionary

  • conversion — The sale of a cash position and investment of part of the proceeds in the margin for a long futures position. The remaining money is placed in an interest bearing instrument. This practice allows the investor/dealer to receive high rates of… …   Financial and business terms

  • conversion feature — Specification of the right to transform a particular investment to another form of investment, such as switching between mutual funds or converting preferred stock or bonds to common stock. Bloomberg Financial Dictionary …   Financial and business terms

  • misapplication.of funds — The conversion of funds. As a specific offense, the conversion by a bank officer of funds of the bank to the use of the officer or a third person, something beyond a mere act of official administration. 10 Am J2d Banks § 224. See misappropriation …   Ballentine's law dictionary

  • Ocean thermal energy conversion — Temperature differences between the surface and 1000m depth in the oceans Ocean Thermal Energy Conversion (OTEC) uses the difference between cooler deep and warmer shallow or surface ocean waters to run a heat engine and produce useful work,… …   Wikipedia

  • fraudulent conversion — UK US noun [U] LAW ► the act of using money or property that is not your own for illegal or dishonest purposes: »The high profile broker pleaded guilty to charges of fraudulent conversion of clients funds …   Financial and business terms

  • Dynamic Currency Conversion — Die Artikel POS Terminal und Electronic Cash Terminal überschneiden sich thematisch. Hilf mit, die Artikel besser voneinander abzugrenzen oder zu vereinigen. Beteilige dich dazu an der Diskussion über diese Überschneidungen. Bitte entferne diesen …   Deutsch Wikipedia

  • misappropriation of funds — index conversion (misappropria tion) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Effects of Hurricane Katrina in Mississippi — Hurricane Katrina s winds and storm surge reached the Mississippi coastline on the afternoon of August 28, 2005, Gary Tuchman, Transcript of Anderson Cooper 360 Degrees (2006 08 29) 19:00 ET, CNN , CNN.com web:… …   Wikipedia

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

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