convert

transitive verb | \ kən-ˈvərt \ | con·vert

1. a : to change from one form or use to another

   b : to exchange (property) for another especially of a different kind if property…is compulsorily or involuntarily converted —Internal Revenue Code especially : to exercise the right of conversion by exchanging (preferred shares or bonds) for common stock : to exercise the right of conversion by exchanging (preferred shares or bonds) for common stock

2. : to appropriate (another's property) by conversion the bailee converted the goods to his own use — see also embezzle