equitable conversion

equitable conversion
That constructive alteration in the nature or character of property whereby, in equity, real is for certain purposes considered as personalty, or whereby personalty for similar considerations, is regarded as real estate, and in either instance, it is deemed to be transmissible and descendible in its converted form. 27 Am J2d Eq Conv § 1.

Ballentine's law dictionary. . 1998.

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  • Equitable conversion — is a doctrine of the law of real property under which a purchaser of real property becomes the equitable owner of title to the property at the time he/she signs a contract binding him/her to purchase the land at a later date. The seller retains… …   Wikipedia

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  • equitable conversion — The exchange of property from real to personal or from personal to real, which takes place under some circumstances in the consideration of the law, such as, to give effect to directions in a will or settlement, or to stipulations in a contract,… …   Black's law dictionary

  • equitable conversion — The exchange of property from real to personal or from personal to real, which takes place under some circumstances in the consideration of the law, such as, to give effect to directions in a will or settlement, or to stipulations in a contract,… …   Black's law dictionary

  • equitable conversion — noun : conversion 3d …   Useful english dictionary

  • 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

  • equitable — eq·ui·ta·ble / e kwi tə bəl/ adj 1: having or exhibiting equity: dealing fairly and equally shall allocate...appropriations in an equitable manner U.S. Code 2: existing or valid in equity or as a matter of equity as distinguished from law an… …   Law dictionary

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  • conversion — [kən vʉr′zhən, kən vʉr′shən] n. [ME conversioun < OFr conversion < L conversio < pp. of convertere: see CONVERT] 1. a converting or being converted; specif., a) a change from lack of faith to religious belief; adoption of a religion b) a …   English World dictionary

  • Equitable — Companies*Scottish Equitable, is an investment company located in Edinburgh *Equitable PCI Bank *Equitable Resos *The Equitable Life Assurance Society, life insurance company in the United Kingdom *AXA Equitable Life Insurance Company, formerly… …   Wikipedia

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