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Convertibility   /kˌɑnvərtɪbˈɪlɪti/   Listen
Convertibility

noun
1.
The quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction).






WordNet 3.0 © 2010 Princeton University








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"Convertibility" Quotes from Famous Books



... exchanged for so much land in a particular situation. The region whose soil is chosen as the standard lies under the Equator, and the State possesses there some hundreds of square miles, let out on terms thought to ensure its excellent cultivation and the permanence of its condition. The immediate convertibility of each such document, engraven on a small piece of metal about two inches long by one in breadth, and the fortieth part of an inch in thickness, is the ultimate cause and permanent guarantee of its value. Large payments, moreover, have to be ...
— Across the Zodiac • Percy Greg

... communism find no use for money, but I do not think there are any representative Socialists now who do not agree that the State must pay and receive in money, that money is indispensable to human freedom. The featurelessness of money, its universal convertibility, gives human beings a latitude of choice and self-expression in its spending that is inconceivable without ...
— New Worlds For Old - A Plain Account of Modern Socialism • Herbert George Wells

... remains forever the same. This principle has been well characterized by Faraday as "the highest law in physical science which our faculties permit us to perceive." The phrase "Correlation of Forces" is employed rather to express their mutual convertibility, or change from one to the others. Thus, heat excites electricity, and, through that force, magnetism, chemical action, and light. Or, if we start with magnetism, this may give rise to electricity, and this again to heat, chemical action, and light. Or we can begin with chemical action, ...
— The Atlantic Monthly, Vol. 13, No. 78, April, 1864 • Various



Words linked to "Convertibility" :   fungibility, exchangeable, interchangeableness, inconvertible, inconvertibility, interchangeability, unconvertible, unexchangeable, exchangeability, convertible



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