Definition: Able to be converted, particularly: Able to be exchanged, one for the other, especially Able to be exchanged for specie. Able to be exchanged for foreign currency. Able to be exchanged for a different class of security (usually common stock) under certain set terms. Able to undergo conversion (i.e., inversion) without falsehood. Able to be turned, especially Able to be turned in a different direction. Able to be turned to a different purpose. Able to be turned to a different religion or belief. Able to be turned into a different thing, especially Able to change from a closed to an open frame and back again. Able to be easily digested.
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