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

The Hong Kong dollar is pegged to the U.S. dollar and convertible with it—China’s renminbi isn’t.

Read more on The Wall Street Journal

On Monday, Beyond Meat said roughly 97% of the holders of its convertible notes agreed to the terms of the exchange.

Read more on The Wall Street Journal

The same day the company disclosed its quarterly results, Planet Lab also unveiled a private offering of $300 million worth of convertible senior notes that will mature in 2030.

Read more on Barron's

What is unusual is that convertible bonds are beating the stock market, too.

Read more on Barron's

A 25-foot inflatable psychedelic bear driving a convertible has been commissioned for the pedestal outside of the Hammer Museum as part of Made in L.A.

Read more on Los Angeles Times

Related Words

• adaptable