convertible
adjective
FINANCE, STOCK MARKET uk/kənˈvɜːtəbl/ usable to be changed from one thing to another:
convertible into/to sth Each preferred share is convertible into 1.95 shares of Common Stock.
convertible
noun [ C ]
FINANCE, STOCK MARKET uk/kənˈvɜːtəbl/ usa type of share, bond, etc. that can be exchanged for another type of share:
Citigroup are expected to invest about $400 million in convertibles and Asian securities.