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

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convertible con‧ver‧ti‧ble [kənˈvɜːtbl ǁ -ɜːr-] adjective
able to be changed from one thing to another:

• The new preferred shares will be convertible immediately to common shares.

— convertibility noun [uncountable] :

• The step toward currency convertibility is part of an attempt to move to a free market.

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convertible UK US /kənˈvɜːtəbl/ adjective FINANCE, STOCK MARKET
able to be changed from one thing to another: convertible into/to sth »

Each preferred share is convertible into 1.95 shares of Common Stock.

convertible UK US /kənˈvɜːtəbl/ noun [C] FINANCE, STOCK MARKET
a type of share, bond, etc. that can be exchanged for another type of share: »

Citigroup are expected to invest about $400 million in convertibles and Asian securities.

Financial and business terms. 2012.

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Look at other dictionaries:

  • convertible — [ kɔ̃vɛrtibl ] adj. et n. m. • 1265; lat. convertibilis 1 ♦ Vx ou littér. Qui peut être converti, changé. ⇒ convertir (2o). L eau est convertible en vapeur. 2 ♦ Fin. Qui peut être l objet d une conversion. Monnaie convertible. Rente convertible.… …   Encyclopédie Universelle

  • convertible — adjective capable of being exchanged, changeable, commutable, commutative, complementary, compromisable, correlative, counterchangeable, exchangeable, interchangeable, mutable, permutable, reciprocative, reversible, substitutive, transformable,… …   Law dictionary

  • Convertible — Con*vert i*ble, a. [L. convertibilis: cf. F. convertible.] 1. Capable of being converted; susceptible of change; transmutable; transformable. [1913 Webster] Minerals are not convertible into another species, though of the same genus. Harvey.… …   The Collaborative International Dictionary of English

  • convertible — CONVERTIBLE. adj. des 2. g. Il se dit d Une chose susceptible d être convertie en une autre. Ce billet est convertible en argent. [b]f♛/b] En Logique, il se dit d Une proposition qui peut devenir la converse d une autre. Cette proposition: Tout… …   Dictionnaire de l'Académie Française 1798

  • convertible — adjetivo 1. Que puede ser convertido o cambiado: moneda convertible, bono convertible. adjetivo,sustantivo masculino 1. Origen: América. Coche descapotable …   Diccionario Salamanca de la Lengua Española

  • convertible — late 14c., from Fr. adj. convertible (13c.), from L.L. convertibilis changeable, from L. convertere (see CONVERT (Cf. convert)). The noun is recorded from 1610s; meaning automobile with a fold down top is from 1916 …   Etymology dictionary

  • convertible — ► ADJECTIVE 1) able to be converted. 2) (of a car) having a folding or detachable roof. ► NOUN ▪ a convertible car. DERIVATIVES convertibility noun …   English terms dictionary

  • convertible — *reciprocal, corresponding, correlative, complementary, complemental Analogous words: interchangeable, exchangeable (see corresponding verbs at EXCHANGE) …   New Dictionary of Synonyms

  • convertible — is spelt ible, not able. See able, ible …   Modern English usage

  • convertible — [adj] changeable able to be changed, adaptable, adjustable, exchangeable, modifiable, swappable, switchable; concept 534 …   New thesaurus

  • convertible — (Del lat. convertibĭlis). 1. adj. Que puede convertirse. 2. Am. descapotable. U. m. c. s. m.) …   Diccionario de la lengua española

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