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Definition of convertible
able to be changed in form, function, or character:a convertible sofa nationalism is too easily convertible into bitterness and selfishness (of currency) able to be converted into other forms, especially into gold or US dollars: a formal commitment by the East European countries to convertible currencies currencies were officially convertible into gold via the dollar (of a bond or stock) able to be converted into ordinary or preference shares: a sale of shares and convertible bonds the bonds are convertible into ordinary shares (of a car) having a folding or detachable roof: his white convertible Mercedes Logic (of terms) synonymous.
1a car with a folding or detachable roof: Brendan picked her up in his cherry-red convertible 2
) a convertible security: an investment in convertibles can bring a higher return than an investment in equities