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convertible (adj.)

late 14c., "interchangeable," from Old French convertible "interchangeable" (13c.) and directly from Late Latin convertibilis "changeable," from Latin convertere "to turn around; transform," from assimilated form of com "with, together" (see con-) + vertere "to turn" (from PIE root *wer- (2) "to turn, bend").

Meaning "capable of being changed in form, substance, or condition" is from 1530s. Of paper money, etc., "capable of being converted into gold of a similar amount," from 1834. The noun is recorded from 1610s; meaning "automobile with a fold-down top" is from 1916. Related: Convertibility.

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Definitions of convertible from WordNet
1
convertible (n.)
a car that has top that can be folded or removed;
convertible (n.)
a corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock);
Synonyms: convertible security
convertible (n.)
a sofa that can be converted into a bed;
Synonyms: sofa bed
2
convertible (adj.)
capable of being exchanged for or replaced by something of equal value;
convertible securities
Synonyms: exchangeable
convertible (adj.)
designed to be changed from one use or form to another;
a convertible coupe
a convertible sofa
convertible (adj.)
capable of being changed in substance as if by alchemy;
Synonyms: transformable / translatable / transmutable
From wordnet.princeton.edu