A form of theftThe wrongful taking of the property of another. It is a broad term and includes larceny, pilfering, hold up, robbery and pick pocketing More. The taking over of property which belongs to another and using it as if it were property owned by the person doing the converting. For example, a car bought on a time payment plan may be taken by the purchaser to some far away place with the intent of trying to escape any further payments on the car; or the car may be sold or traded for another under the pretense that the car actually belongs to the purchaser. This is the conversionA form of theft. The taking over of property which belongs to another and using it as if it were property owned by the person doing the converting. Fo... More of the vehicle to the purchaser’s own use. It applies to all property belonging to one person but which is in the hands of another, as for example, the baileeIn contract and property law one to whom goods or property are entrusted for a stated purpose. Can be either gratuitous (for no consideration) or for ... More of goods, an employer who advances certain monies to an employee for specific purposes, etc.