[kuh n-vur-tuh-buh l] /kənˈvɜr tə bəl/
capable of being .
having a folding top, as an automobile or pleasure boat.
exchangeable for something of equal value:
debts payable only in convertible currencies.
an automobile or a boat with a folding top.
a sofa, couch, or chair whose seating section can be folded out into a bed.
Finance. a or security.
capable of being converted
(of a car) having a folding or removable roof
a car with a folding or removable roof
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.
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.
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.
noun 1. a convertible bond that is not secured with collateral.
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.