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.