Legal Definition of Conversion: (a) The taking of another’s property without permission or cause. It is an unlawful act. (b) In equity, conversion is the exchange of property from real to personal, or vice versa | Gain a solid understanding of conversion in business law with our comprehensive guide. Learn about the legal definition, examples, and the importance of knowing conversion. Protect your property, ensure legal compliance, and mitigate risks by familiarizing yourself with this crucial concept. Start reading now!