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Definition of convertible

convertible - adj. capable of being changed in substance as if by alchemy; capable of being exchanged for or replaced by something of equal value; designed to be changed from one use or form to another; noun a car that has top that can be folded or removed; a sofa that can be converted into a bed; a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock).

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