convertible

American  

[kuhn-vur-tuh-buhl] / kənˈvɜr tə bəl /

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.

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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 British  

/ 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

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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

Etymology

Origin of convertible

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

Example Sentences

His dad’s car, a fast little yellow convertible, didn’t have a middle backseat.

From Literature

Strategy has some convertible debt that isn’t due for several years.

From The Wall Street Journal

Oracle announced on Sunday its plans for a single issuance of investment-grade bonds early this year, as well as issuances of convertible securities and common stock.

From MarketWatch

And bankers will advise clients on raising early stage equity, preferred stock and convertible bonds.

From The Wall Street Journal

The Defense Department will invest $1 billion in the business through a convertible preferred security, which will convert to common equity upon an initial public offering later this year.

From Barron's

Related Words

• adaptable