The word “convertible” can have several meanings depending on the context:
1. **Automobile**: Refers to a type of car with a roof that can be folded down or removed, allowing it to be used as either an open-top or closed vehicle.
2. **Finance**: Describes a financial instrument, such as a bond or stock, that can be exchanged for another type of security, typically shares of stock, under specified conditions.
3. **General Use**: Refers to something that can be changed or adapted to a different form or use. This can include a range of items, such as furniture that can be transformed for different purposes.
Overall, “convertible” implies the ability to change or interchange between different states or forms.
