Definitions for "Conversion Rights"
Is the right contained in n insurance policy or established by law, which permits an insured to convert one form of coverage into another. Usually occurs in term life insurance policies allowing conversion of the policy into cash value life insurance.
The right inherent in the ownership or holding of particular securities to exchange such securities for voting securities.
Rights by which preferred stock "converts" into common stock. Usually, one has this right at any time after making an investment. Company may want rights to force a conversion upon an IPO; upon hitting of certain sales or earnings' targets, or upon a majority or supermajority vote of the preferred stock. Conversion rights may carry with them anti-dilution protections.