Convertible



[kuh n-vur-tuh-buh l] /kənˈvɜr tə bəl/

adjective
1.
capable of being .
2.
having a folding top, as an automobile or pleasure boat.
3.
exchangeable for something of equal value:
debts payable only in convertible currencies.
noun
4.
an automobile or a boat with a folding top.
5.
a sofa, couch, or chair whose seating section can be folded out into a bed.
6.
Finance. a or security.
/kənˈvɜːtəbəl/
adjective
1.
capable of being converted
2.
(of a car) having a folding or removable roof
3.
(finance)

noun
4.
a car with a folding or removable roof
adj.

late 14c., from Old French convertible (13c.), from Late Latin convertibilis “changeable,” from Latin convertere (see convert (v.)). The noun is recorded from 1610s; meaning “automobile with a fold-down top” is from 1916.

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Read Also:

  • Convertible-bond

    noun 1. a bond that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder’s option.

  • Convertible-insurance

    noun 1. any form of life or health insurance, either individual or group, that enables the insured to change or convert the insurance to another form, as term to whole life insurance or group to individual health insurance.



  • Convertible-debenture

    noun 1. a convertible bond that is not secured with collateral.

  • Convertible-preferred-stock

    noun 1. preferred stock that can be exchanged for a fixed number of shares of the common stock of the issuing company at the holder’s option.



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