The term “convertible” can have several meanings depending on the context:
1. **General Definition**: Something that can be changed or adapted into a different form or use.
2. **Finance**: A convertible security is a financial instrument, such as a bond or preferred stock, that can be converted into a company’s common stock under specified conditions.
3. **Automotive**: In the context of vehicles, a convertible refers to a car whose roof can be retracted or removed, allowing it to be driven as an open-air vehicle.
4. **Computing**: In computing, convertible may refer to formats or media that can be transformed from one type to another, such as file formats that can be easily converted.
Overall, “convertible” implies flexibility and the ability to transform or adapt to different requirements or situations.
