Having an associated right to be exchanged for another form of financial security. (adjective)
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Use "exchangeable" in a sentence
"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."