Originally Posted by
OPNLguy
If you think that wording was something, the annual report for Eastern Air Lines (for the year during which they lost their L-1011 in the Everglades) reportedly referred to the proceeds from the hull insuror as having resulted "from the involuntary conversion of the asset."
That's standard tax and accounting terminology. For example, capital gains taxes are deferred for an involuntary conversion such as a home destroyed by fire and replaced.