1. the quality or state of being able to be converted or changed from one form, currency, or use to another
Usage: commonly used in finance and economics
2. the ability of a currency to be freely exchanged for another currency or for gold
Usage: finance and monetary policy

Examples

• The convertibility of the new currency made it attractive to international investors.
• The government questioned the convertibility of the bond into common stock.
• Currency convertibility is essential for international trade.
• The car's convertibility top can be lowered in seconds.
• Investors valued the convertibility of the preferred shares into ordinary shares.
• The convertibility of digital assets into fiat currency remains a regulatory challenge.