Eguitable Conversion
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
The transformation, by a doctrine of equity, of personalty into realty, in respect to its qualities and disposition, and of real estate into personalty. By this doctrine, money which, by will or agreement, is to be invested in land, is considered and treated as realty, and land which {s to be turned into money is considered and treated as money.
8 Wall. 214; 45 Pa. St. 87; 61 Wis. 477, 21 N. W. Rep. 615.