Convertibility
noun
The quality of being able to be changed in form, function, or character, typically into something else of equivalent value. In context of economics, it often refers to the ability of one currency to be changed into another currency without restriction.
The convertibility of the local currency into a stronger foreign currency is a key indicator of a country's economic stability.
Often appears as...
- currency convertibility
- full convertibility
Usage tips
Formal
Economic
noun
In financial terminology, it refers to the ability of a bond or a share to be converted into another type of security, typically one of greater value.
The convertibility feature of the company's bonds into common stock is one of the attractive options for investors.
Often appears as...
- bond convertibility
- share convertibility
Usage tips
Formal
Finance
noun
The quality of being able to be changed in form, function, or character, typically into something else of equivalent value. In context of economics, it often refers to the ability of one currency to be changed into another currency without restriction.
The convertibility of the local currency into a stronger foreign currency is a key indicator of a country's economic stability.
Often appears as...
- currency convertibility
- full convertibility
Usage tips
Formal
Economic
noun
In financial terminology, it refers to the ability of a bond or a share to be converted into another type of security, typically one of greater value.
The convertibility feature of the company's bonds into common stock is one of the attractive options for investors.
Often appears as...
- bond convertibility
- share convertibility
Usage tips
Formal
Finance
Definition 1 of 2
Pro Tip 1/3Economic Health
Convertibility reflects a country's economic health, indicating trust in its currency.
Despite economic turmoil, the convertibility of our currency remains stable.
Pro Tip 2/3Travel Utility
When traveling, knowing a currency's convertibility can ease financial transactions abroad.
Before my trip, I checked the convertibility of my currency in the destination country.
Pro Tip 3/3Restricted Usage
Some contexts imply limitations on convertibility, such as government or market restrictions.
The government imposed restrictions on the currency's convertibility to control inflation.
Pro Tip 1/3Economic Health
Convertibility reflects a country's economic health, indicating trust in its currency.
Despite economic turmoil, the convertibility of our currency remains stable.
Pro Tip 2/3Travel Utility
When traveling, knowing a currency's convertibility can ease financial transactions abroad.
Before my trip, I checked the convertibility of my currency in the destination country.
Pro Tip 3/3Restricted Usage
Some contexts imply limitations on convertibility, such as government or market restrictions.
The government imposed restrictions on the currency's convertibility to control inflation.
Pro Tip 1/3Economic Health
Convertibility reflects a country's economic health, indicating trust in its currency.
Despite economic turmoil, the convertibility of our currency remains stable.
Pro Tip 2/3Travel Utility
When traveling, knowing a currency's convertibility can ease financial transactions abroad.
Before my trip, I checked the convertibility of my currency in the destination country.
Pro Tip 3/3Restricted Usage
Some contexts imply limitations on convertibility, such as government or market restrictions.
The government imposed restrictions on the currency's convertibility to control inflation.
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