Meaning & Definition of word "Exchangeable"

Exchangeable

/ɪkˈsʧeɪndʒəbl/

adjective:

  • 1. Capable of being exchanged or swapped for something else.
    • Example: The tickets are fully exchangeable if you cannot attend the event.
  • 2. Interchangeable or able to be replaced by another of the same kind.
    • Example: The components of the machine are exchangeable, which simplifies repairs.
  • 3. Referring to assets or securities that can be traded or exchanged with others.
    • Example: The bonds issued are exchangeable for stock after a certain period.
  • 4. Able to be converted into something else, typically of equivalent value.
    • Example: 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.

Slang Meanings of exchangeable