conversion of assets
[/kənˈvɜrʒən əv ˈæsets/]
nounpl: conversions of assets
conversão de ativos
1. The process of transforming non-liquid assets into liquid assets or cash, or converting assets from one form to another for business or financial purposes
The conversion of assets into cash helped the company meet its short-term obligations.
A conversão de ativos em dinheiro ajudou a empresa a cumprir suas obrigações de curto prazo.
2. In finance and accounting, the change of assets from one type or category to another, such as converting real estate into securities
The conversion of assets was necessary after the merger to streamline the portfolio.
A conversão de ativos foi necessária após a fusão para racionalizar o portfólio.
3. The unauthorized or illegal act of taking control of another person's or company's assets for personal use
The executive was charged with conversion of assets belonging to the shareholders.
O executivo foi acusado de conversão de ativos pertencentes aos acionistas.
This is a technical term primarily used in financial, legal, and business contexts in both Brazil and the USA. In Brazil, it's commonly encountered in corporate law, banking, and accounting environments. The term carries particular legal weight when referring to unauthorized conversion (embezzlement), which is a serious crime in both countries. In American business culture, asset conversion strategies are standard practice in corporate restructuring and financial planning.
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