Legal Definition
The term 'convert' in a legal context refers to the action of changing one form, state, or status into another, often involving a formal agreement or legal process. In contract law, it signifies the formal mechanism by which obligations, rights, or assets are transformed from an initial state to a subsequent, legally recognized state.
Plain-English Translation
Imagine 'convert' as a rule that says you can change one thing into another thing, like turning a paper document into a different type of official record. It means changing the status of something, often under specific rules or agreements.