The Collaborative International Dictionary
Phase converter \Phase converter\ (Elec.) A machine for converting an alternating current into an alternating current of a different number of phases and the same frequency.
Wikipedia
A phase converter is a device that converts electric power provided as single phase to multiple phase or vice versa. The majority of phase converters are used to produce three-phase electric power from a single-phase source, thus allowing the operation of three-phase equipment at a site that only has single-phase electrical service. Phase converters are used where three-phase service is not available from the utility, or is too costly to install due to a remote location. A utility will generally charge a higher fee for a three-phase service because of the extra equipment for transformers and metering and the extra transmission wire.