convertible
car with a removable roof
A type of car with a roof you can open or take off so you can ride in the open air.
a convertible
- She rented a convertible for the weekend so they could drive along the coast with the top down.
- His dream car is a red convertible with leather seats.
- Because it was starting to rain, they quickly closed the roof on the convertible.
- They posed for wedding photos in the back of a classic white convertible.
- In the summer, you see a lot more convertibles on the highway.
- He bought a small convertible last year.
- They drove a blue convertible to the beach.
- It is cold, so we cannot open the convertible today.
- The convertible was very expensive.
- Her father owns a black convertible.
able to be changed in form
Able to change into something else, or able to be used in a different way.
convertible [thing] (into/to [something else])
- We bought a convertible sofa that turns into a bed for guests.
- The company issued convertible debt that can later be turned into shares of stock.
- This convertible car seat can be used for both infants and toddlers.
- They prefer to keep their savings in a fully convertible currency.
- The table is convertible into a desk when you raise the top section.
- We have a convertible sofa in our small apartment.
- This car seat is convertible, so we can use it for many years.
- The baby bed is convertible into a small child’s bed.
- The money is in a convertible currency, so we can use it in other countries.
- Her job title is not fixed; it is convertible as the company changes.
security exchangeable for shares
A type of investment, usually a bond or loan, that you can later change into company shares.
a convertible (into [shares/stock])
- The company plans to raise money by selling a five-year convertible to institutional investors.
- Many hedge funds specialize in trading convertibles and related derivatives.
- He prefers convertibles because they offer the potential to benefit if the stock price rises.
- Analysts warned that the convertibles could dilute existing shareholders if converted into equity.
- Their portfolio includes government bonds, corporate bonds, and several technology convertibles.
- The bank adviser explained that a convertible can later become company stock.
- Some investors buy convertibles to get both interest and a chance for stock gains.
- She added a small convertible to her investment portfolio.
- The company sold convertibles to get cash for a new project.
- When the share price goes up, a convertible can become more valuable.
able to be converted in belief
Able or likely to change your religion, politics, or other strong beliefs if someone tries to persuade you.
convertible [group/person] (to [belief/idea])
- The campaign focused its efforts on voters seen as highly convertible.
- Missionaries targeted regions they believed were culturally and spiritually convertible.
- The book argues that young adults are more politically convertible than older generations.
- Advertisers are willing to pay more to reach an easily convertible audience.
- He was not considered convertible to their strict religious views.
- The party wants to talk to voters who are still convertible.
- Young people may be more convertible in their political ideas.
- The group looks for areas that are culturally convertible to their message.
- Some leaders think the city is not very convertible to their religion.
- They do not waste time on people who are not convertible.
- Base: convertible
- Base: convertible
- Plural: convertibles
convertible bond
1bond that can become shares
A company bond that an investor can later change into shares of that company.
- The startup raised capital by issuing a five-year convertible bond.
- Investors like a convertible bond because it pays interest and can turn into stock if the price rises.
convertible car seat
1adjustable child car seat
A car seat for children that you can change and adjust so you can use it as the child grows.
- We bought a convertible car seat so we can use the same seat from infancy through toddler years.
- The safety guide explains how to install a rear-facing convertible car seat correctly.
convertible currency
1money freely exchanged for others
A type of money that people can easily change into other countries’ money.
- Investors prefer to hold assets in a fully convertible currency like the US dollar or the euro.
- Tourists find it difficult to exchange money from countries whose currency is not convertible.
convertible note
1loan that can turn into shares
A short-term loan to a company that later becomes company shares instead of being paid back in cash.
- Early-stage investors often fund startups with a convertible note instead of buying shares directly.
- The convertible note will convert into equity at a discount in the company’s next funding round.