Conformal field theory
The Hilbert space of physical states is a unitary module of the Virasoro algebra corresponding to a fixed value of "c". Stability requires that the energy spectrum of the Hamiltonian be nonnegative. The modules of interest are the highest weight modules of the Virasoro algebra.
Von Neumann algebra
The Hilbert space tensor product of two Hilbert spaces is the completion of their algebraic tensor product. One can define a tensor product of von Neumann algebras (a completion of the algebraic tensor product of the algebras considered as rings), which is again a von Neumann algebra, and act on the tensor product of the corresponding Hilbert spaces. The tensor product of two finite algebras is finite, and the tensor product of an infinite algebra and a non-zero algebra is infinite. The type of the tensor product of two von Neumann algebras (I, II, or III) is the maximum of their types. The commutation theorem for tensor products states that