The word "convertibility" refers to the ability to change something from one form or state to another. It means that you can convert or transform something into a different version or type. Full definition
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By August 1971, war spending in Vietnam and other foreign countries forced the United States to suspend gold convertibility of the dollar through sales via the London Gold Pool. (michael-hudson.com)
In addition to providing a level benefit for the period that has been chosen, this plan provides a guaranteed convertibility option. (rootfin.com)
Many HELOCs come with convertibility features that allow you to lock in the rate of your current balance. (themortgagereports.com)