convertible

[kuhn-vur-tuh-buhl]

adjective

1. capable of being converted.

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

1. an automobile or a boat with a folding top.

2. a sofa, couch, or chair whose seating section can be folded out into a bed.

3. Finance.,  a convertible bond or security.

convertible

/ kənˈvɜːtəbəl /

adjective

1. capable of being converted

2. (of a car) having a folding or removable roof

3. finance

   1. a bond or debenture that can be converted to ordinary or preference shares on a fixed date at a fixed price

   2. (of a paper currency) exchangeable on demand for precious metal to an equivalent value

   3. able to be converted into a longer term mortgage without financial penalty

noun

1. a car with a folding or removable roof

Other Word Forms

• convertibility noun
• convertibleness noun
• convertibly adverb
• nonconvertibility noun
• nonconvertible adjective
• nonconvertibleness noun
• nonconvertibly adverb
• unconvertibility noun
• unconvertible adjective
• unconvertibleness noun
• unconvertibly adverb

Word History and Origins

Origin of convertible¹

First recorded in 1350–1400; Middle English word from Medieval Latin word convertibilis. See convert ¹, -ible

Example Sentences

Plug Power shares drop following the announcement of a $375 million convertible notes offering.

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Plug Power slumps following its announcement of plans to offer $375 million in senior convertible notes.

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Tuesday evening, Plug said it would offer $375 million of convertible notes, which can become more shares outstanding.

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The convertible debt is senior to the preferred.

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It can be a hassle, so Padval was intrigued when I told him about “convertibles,” which combine a hanging garment bag with a totable duffel.

Read more on The Wall Street Journal

Related Words

• adaptable