convertible

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convertible

a car with a folding or removable roof

convertible

A device that can be easily switched to another type. See convertible laptop.
References in periodicals archive ?
The top two convertibles measured by registrations last year were the Chrysler Sebring and Ford Mustang, respectively.
6 billion bond issue--including a $4 billion chunk of so-called contingent convertible bonds that will reinforce its pension plan--guys in the green eyeshades asked themselves: Is this a way to slay the pension monster?
Since convertibles capture the best of both bonds and stocks, they're a sound conservative investment," says Matthew Muehlbauer, a research manager at New York-based Value Line Inc.
But keep in mind that convertibles might not be good investments for everyone.
a biotechnology firm based in New Haven, CT, had been relatively quiet in the public marketplace since its IPO of 1998--at least, until this past January, when it returned to successfully execute a $150 million convertible bond offering.