conversion value
conversion value. A convertible security’s value as common stock. • For example, a bond that can be converted into ten shares of stock worth $40 each has a conversion value of $400. See BOND CONVERSION.
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forced conversion
The conversion of a convertible security, after a call for redemption, when the value of the security that it may be converted to is greater than the amount that will be received if the holder permits the security to be redeemed.
highest proved value
In a trover action, the greatest value (as proved by the plaintiff) that the converted property reached from the time of the conversion until trial. • It is the most that a plaintiff is entitled to recover. [Cases: Trover and Conversion 44. C.J.S. Trover and Conversion §§ 120–121, 124.]
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highest proved value
highest proved value 被证明的最高价值 动产侵占之诉〔action of trover〕中，指陪审团考虑所有证据后所确定的在侵占〔conversion〕至审理〔trial〕期间该财物的最高价值。
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trover
trover (troh-v[schwa]r). A common-law action for the recovery of damages for the conversion of personal property, the damages generally being measured by the value of the property. — Also termed trover and conversion. Cf. DETINUE; REPLEVIN. [Cases: Trover and Conversion 1, 43. C.J.S. Trover and Conversion §§ 1–3, 5–7, 120–121.] “Trover may be maintained for
charitable remainder annuity trust
A charitable-remainder trust in which the beneficiaries receive for a specified period a fixed payment of 5% or more of the fair market value of the original principal, after which the remaining principal passes to charity. — Abbr. CRAT. — Also termed charitable-remainder-trust retirement fund. [Cases: Charities 6; Trusts 281. C.J.S. Charities § 4; Trover
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tax straddle rule
tax-straddle rule. A rule preventing undue deferral of tax on income or conversion of ordinary income or short-term capital gain into long-term capital gain by disallowing the premature deduction of a loss on sale or disposition of one leg of a straddle position (e.g., a promise to sell offset by a promise to buy, such
annuity trust
A trust from which the trustee must pay a sum certain annually to one or more beneficiaries for their respective lives or for a term of years, and must then either transfer the remainder to or for the use of a qualified charity or retain the remainder for such a use. • The sum certain
embezzlement
embezzlement, n. The fraudulent taking of personal property with which one has been entrusted, esp. as a fiduciary. • The criminal intent for embezzlement — unlike larceny and false pretenses — arises after taking possession (not before or during the taking). — Also termed defalcation; peculation. See LARCENY; FALSE PRETENSES. [Cases: Embezzlement 1. C.J.S. Embezzlement