Definition of "convertible" []

• That can be converted: a convertible sofa bed. (adjective)
• Having a top that can be folded back or removed: a convertible automobile. (adjective)
• Lawfully exchangeable for gold or another currency: dollars convertible into yen. (adjective)
• Something that can be converted. (noun)
• A convertible automobile. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Japan's Elpida Memory Inc. said this month it will issue 60 billion yen (about $738 million) in convertible bonds partly to finance its capital outlays for its dynamic random access memory chip facilities."
• "It also plans to raise up to € 250 million in convertible bonds."
• "The Mini Cooper convertible is like a puppy in a pet shop: Oooooh, so cute!"