Русско-англо-русский юридический словарь

The Board of China New Energy Limited is pleased to announce that the Company has entered into an Agreement of Intent with a Chinese State-Owned ethanol producer, which has a total of 600,000 tonnes of ethanol production capacity, to convert an existing facility into a more efficient and advanced facility with a capacity of 50,000 tonnes of biofuel per year. (Reuters)

Mezzanine financing is a hybrid of debt and equity financing that gives the lender the rights to convert to an ownership or equity interest in the company in case of default, after venture capital companies and other senior lenders are paid. (Investopedia)

As per Section 61, Companies Act, 2013, the company can convert its shares which are fully paid up, into stock. A ‘Share‘ is the smallest unit into which the company’s capital is divided, representing the ownership of the shareholders in the company. A ‘Stock‘ on the other hand is a collection of shares of a member that are fully paid up. When shares are transformed into stock, the shareholder becomes a stockholder, who possess same right with respect to the dividend, as a shareholder possess. (Key Differences)

acceptance of a bill of exchange. Process by which a buyer (called a 'drawee') accepts the seller's bill of exchange by signing under the words 'accepted' on face of the bill. By this act, the drawee becomes the acceptor and converts the bill into a post-dated check an unconditional obligation to pay it on or before its maturity date. (BusinessDictionary)