Definition Of Conversion Factors Math
The number is usually given as a numerical ratio or fraction that can be used as a multiplication factor.
Definition of conversion factors math. Conversion factor noun factor by which a quantity that is expressed in one set of units must be multiplied in order to convert it into another set of units. The conversion factor is a key element in hedge calculations and more generally in the analysis of all market operations including bonds and futures. 100 centimeters or 100 cm 1 meter or 1 m. When a futures contract is held until maturity the delivery price of a bond for physical settlement of the future is obtained by multiplying the bond s price with its conversion factor.
Updated june 27 2019 a conversion factor is the number or formula you need to convert a measurement in one set of units to the same measurement in another set of units. Conversion factor a number or formula used to convert quantities to equivalent amounts in a different system. Volume in the metric system of measurement. Factor any of the numbers or symbols that form a product when multiplied together.
10 millimeters or 10 mm 1 centimeter or 1 cm. Download the chart click here. 1000 millimeters or 1000 mm 1 meter or 1 m.