noun
- plural of nonconvertible; things (such as securities, currencies, or goods) that cannot be converted into another form or exchanged for something else
Usage: typically used in finance and economics contexts; often refers to bonds, stocks, or currencies with restrictions on conversion or exchange
Examples
- The portfolio contained a mix of convertibles and nonconvertibles.
- Nonconvertibles in the bond market offer fixed returns without conversion options.
- Investors often prefer convertibles over nonconvertibles for their flexibility.
- The company issued nonconvertible preferred stock to raise capital.
- Currency restrictions made certain assets nonconvertibles in international markets.