Exchangeable

/ɪkˈsʧeɪndʒəbl/

Meaning & Definition

adjective
Capable of being exchanged or swapped for something else.
The tickets are fully exchangeable if you cannot attend the event.
Interchangeable or able to be replaced by another of the same kind.
The components of the machine are exchangeable, which simplifies repairs.
Referring to assets or securities that can be traded or exchanged with others.
The bonds issued are exchangeable for stock after a certain period.
Able to be converted into something else, typically of equivalent value.
This gift card is exchangeable for cash at any participating retailer.

Etymology

From Middle English 'exchaungeable', from 'exchange' + '-able'.

Common Phrases and Expressions

cashable and exchangeable
Refers to the ability to convert or exchange an asset for cash or another asset.
exchangeable goods
Items that can be freely exchanged among individuals without restrictions.

Related Words

exchange
To give something and receive something in return.
convertible
Able to be exchanged for something else, especially in financial contexts.