Definition of convertible in English:
1Able to be changed in form, function, or character: a living room that is miraculously convertible into a bedroom
More example sentences
- There was a queen-size bed, convertible sofa, and pull-down bunk.
- Should there be foldout or convertible sofa beds planned for any other rooms?
- Again the convertible mechanism varied from one sofa bed to another.
1.1(Of a car) having a folding or detachable roof: his white convertible Mercedes
More example sentences
- Travis strolled down the main avenue leading to the Capital high rise watching the convertible cars fly overhead to avoid the street traffic.
- Some of the convertible cars speeding beneath us rode topless.
- They approached a convertible car recently left abandoned on the street, and both climbed in.
1.2(Of currency) able to be converted into other forms, especially into gold or US dollars.
- In the late nineteenth century, for example, most currencies were convertible into gold, effectively fixing their exchange rates.
- These interventions involved buying or selling financial assets payable in U.S. dollars or other convertible currencies.
- Late at night, the cargoes leave for another country, where they are sold for dollars or another convertible currency.
1.3(Of a bond or stock) able to be converted into ordinary or preference shares.
- However, as the convertible bond and the stock can move independently, the arbitrageur can lose on both the bond and the stock, which means the position carries risk.
- Unlike with regular bonds, however, you can exchange your convertible bond for stock in the company at a certain price.
- This chart shows the performance of a convertible bond as the stock price rises.
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1A car with a folding or detachable roof.
- This lets workers do the convertible roof assembly, allowing convertibles to go down the same line as the sedans.
- The boot is of a reasonable size and compared to other convertibles, the roof does not intrude.
- One of the boxes was so big we had to open the roof of the Chrysler convertible in order to get it onto the back seat.
2 (usually convertibles) A convertible security.
- At their most basic, convertibles provide a sort of security blanket for investors wishing to participate in the growth of a particular company they're unsure of.
- We target 15% annualized returns for our convertibles products and 12% to 15% in our high-yield products.
- The price of the convertibles has fallen dramatically in line with the shares and they are now yielding 19 per cent to the first ‘poison put’ date in December of next year.
- Example sentences
- Chinese philosophers believe in the mutual convertibility of blessings and misfortunes and nowhere is this dramatized so vividly as in Chinese officialdom.
- Dire consequences were predicted when, in 1971, Washington announced that it would no longer guarantee the convertibility of gold.
- The yuan is already convertible in the current account, but tough controls are still imposed on the currency's convertibility in the capital account.
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