Definition of "exchangeable" []

• Able to be exchanged. (adjective)
• Having an associated right to be exchanged for another form of financial security. (adjective)

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• "As a result, Liberty is shifting $551 million in long-term exchangeable debt issued by media giant Viacom Inc., along with $380 million in cash, from Liberty Entertainment to Liberty Interactive to shore up its credit position."
• "The soil's content of soluble aluminum (called "exchangeable" aluminum) is probably even more important, and the portable pH kits cannot measure this."
• "In the first step, Commerzbank raised €5.7 billion from the sale of new conditional mandatory exchangeable notes that are convertible into Commerzbank shares."