What is the meaning of Convertible?

Able to be converted, particularly:

  1. Able to be exchanged, one for the other, especially
    1. Able to be exchanged for specie.
    2. Able to be exchanged for foreign currency.
    3. Able to be exchanged for a different class of security (usually common stock) under certain set terms.
  2. Able to undergo conversion (i.e., inversion) without falsehood.
  3. Able to be turned, especially
    1. Able to be turned in a different direction.
    2. Able to be turned to a different purpose.
    3. Able to be turned to a different religion or belief.
  4. Able to be turned into a different thing, especially
    1. Able to change from a closed to an open frame and back again.
    2. Able to be easily digested.

Able to be exchanged, one for the other, especially

  1. Able to be exchanged for specie.
  2. Able to be exchanged for foreign currency.
  3. Able to be exchanged for a different class of security (usually common stock) under certain set terms.

Able to be exchanged for specie.

Able to be exchanged for foreign currency.

Able to be exchanged for a different class of security (usually common stock) under certain set terms.

Able to undergo conversion (i.e., inversion) without falsehood.

Able to be turned, especially

  1. Able to be turned in a different direction.
  2. Able to be turned to a different purpose.
  3. Able to be turned to a different religion or belief.

Able to be turned in a different direction.

Able to be turned to a different purpose.

Able to be turned to a different religion or belief.

Able to be turned into a different thing, especially

  1. Able to change from a closed to an open frame and back again.
  2. Able to be easily digested.

Able to change from a closed to an open frame and back again.

Able to be easily digested.

Interchangeable things or terms.

A convertible car: a car with a removable or foldable roof able to convert from a closed to open vehicle and back again.

A convertible security: a stock, bond, etc. that can be turned into another (usually common stock) under certain set terms.

A computer able to convert from laptop to tablet and back again.

convertible (able to be converted)

convertible

convertible (car)

Source: wiktionary.org