Refers to a security (bonds or shares) which can be exchanged for another type of security in the same company.

A bluewater fishing boat typically more than 35 feet long with a full cruising salon, a fish-fighting cockpit and many other saltwater fishing features.

Term life insurance coverage that can be converted into permanent insurance regardless of an insured's physical condition and without a medical examination. The individual cannot be denied covera [..]

A policy that may be changed to another form without evidence of insurability. Usually used to convert term life insurance to permanent insurance.

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 [..]

A bond, debenture or preferred share that may be exchanged by the owner for common stock or another security, usually of the same company, in accordance with the terms of the issue.

vehicle with a folding or removable top.

adj. Interchangeable.

interchangeable conveyen

Definition Security which can be exchanged for a specified amount of another, related security, at the option of the issuer and/or the holder.

(n) a car that has top that can be folded or removed(n) a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)(n) a sofa that [..]

Loans, preference shares or debentures which carry the option of conversion at a predetermined future date, into cash in the case of a loan, or into ordinary shares for preference shares or debentures [..]

A truck or trailer that can be used either as a flat-bed or open top by means of removable side panels.

Any car with a removable top, either a rag (cloth) top or hard top.

A car featuring a roof that can be folded down. Also known as a cabriolet.

A car with a folding, soft top attached to the body of the car. The term and style can be applied to a two-door coupe or a four-door sedan.

A car with a folding top and windows.

An open car with windows and a folding soft top attached to the body. Coupe Chauffeur

an open-top car with a folding roof and side windows.

A vehicle body style that enables open road driving, via the removal of the roof (usually via the folding of a textile or metal roof into the boot).

Term life insurance coverage that can be converted into permanent insurance regardless of an insured's physical condition and without a medical examination. The individual cannot be denied coverage or charged an additional premium on the permanent plan for any health problems.

  -  The term convertible means that the security involved may be exchanged by the holder for a fixed number of (generally) common shares or other securities usually of the same company, in accordance [..]

adj. "interchangeable," s.v. convertible a. (sb.) OED. KEY: convertible@adj

adj 1 convertible 1

Darts with interchangeable tips to play both steel-tip and electronic darts

Convertibles are bonds issued by companies which can be converted into ordinary shares or preference shares at a given price at a future date. For example a convertible might pay 6% in income, and giv [..]

Preferred stock holders have the right to convert shares to common stock at predetermined ratio after a specified date. This gives preferred holders a chance to benefit from the common stock’s share p [..]

A financial instrument that can be exchanged for another security or equity interest at a pre-agreed time and exchange ratio.