Difference between Convertible and Exchangeable

CONVERTIBLE vs EXCHANGEABLE: NOUN

A car that has top that can be folded or removed
A convertible security.
A convertible automobile.
Something that can be converted.
A car whose roof can be removed or folded
A hybrid security that can be converted into stock
A portable computer that can be physically converted between laptop and tablet configurations.
A corporate security (usually bonds or preferred stock) that can be exchanged for another form of security (usually common stock)
A sofa that can be converted into a bed

Capable of being changed in substance as if by alchemy
Capable of being exchanged for or replaced by something of equal value
Designed to be changed from one use or form to another
Capable of being converted.
Having a top that can be folded back or removed.
Lawfully exchangeable for gold or another currency.
Having the right to be converted into a different security, usually common stock, at the holder's option
Capable of being turned or rotated
Able to be converted
Capable of being exchanged or interchanged; reciprocal; interchangeable.
Capable of being converted; susceptible of change; transmutable; transformable.

Having an associated right to be exchanged for another form of financial security.
Able to be exchanged.
Available for making exchanges; ratable.
Suitable to be exchanged
Capable of replacing or changing places with something else
Capable of being exchanged for or replaced by something of equal value

Capable of being changed in form, substance, or condition; susceptible of change; transmutable; transformable: as, iron is convertible into steel, and wood into charcoal.
Capable of being turned into an equivalent by exchange; transformable by mutual transfer: as, bonds or scrip convertible into other securities; convertible property.
Specifically, in banking and com., capable of being converted or changed into gold of similar amount at any time: applied to bank-notes and other forms of paper money: as, a convertible paper currency.
Capable of being applied or turned, as to a new use.
So constituted as to be interchangeable; equivalent in certain or all respects.
In logic, true, or asserted to be true, after conversion or the interchange of subject and predicate. See conversion, 2.

Permitting mutual substitution without loss of function or suitability
Ratable by exchange; to be estimated by what may be procured in exchange: as, the exchangeable value of goods.
Capable of being exchanged; fit or proper to be exchanged.

Converting, Convert, Mustang, Transferable, Oldsmobile, Transmutable, Convertible security, Translatable, Adaptable, Commutable, Sofa bed, Cashable, Transformable, Redeemable, Exchangeable

Tradeable, Switchable, Swappable, Hot swap, Tradable, Similar, Commutable, Standardized, Replaceable, Substitutable, Interchangeable, Fungible, Cashable, Redeemable, Convertible

Negotiable, Marketable, Converting, Mustang, Transferable, Oldsmobile, Transmutable, Translatable, Adaptable, Commutable, Sofa bed, Cashable, Transformable, Redeemable, Exchangeable

Tradeable, Switchable, Swappable, Hot swap, Tradable, Similar, Commutable, Standardized, Replaceable, Substitutable, Interchangeable, Fungible, Cashable, Redeemable, Convertible

Convertible preferred shares that would have been hard to convert before going public become easily convertible following an IPO.
Nonresidents are permitted to open with Greek banks convertible Foreign Sight Deposit Accounts in drachmas or convertible currencies.
The Series D Convertible Preferred Stock is no longer convertible.
Venture investors typically request convertible preferred shares or convertible debentures.
Convertible Extended Rear and Forward Facing Convertible Car Seat, Steel.
Convertible, friction convertible during the rear entrance to day.
American Depository Receipts, foreign currency convertible bonds, convertible debentures.
Convertible equity operates almost exactly as a convertible note, but with one important exception: it eliminates the debt aspect of the convertible note.
Ordinary Share into which such Perpetual Convertible Shares or Redeemable Convertible Shares, as the case may be, are convertible.
Assume the same facts as above but the convertible instrument is convertible preferred stock, not convertible debt.

Senior Exchangeable Preferred Stock promptly upon written request.
For simplicity we assume an exchangeable correlation structure.
Exchangeable Shares or the same or an economically equivalent change is made to, or in the rights of the holders of, the Exchangeable Shares.
The Exchangeable Securities will be exchangeable by Brookfield for an equity interest in an entity to be formed to hold the Hydro Assets.
The holders of BEPC exchangeable shares shall not be entitled to any dividends from BEPC other than the BEPC exchangeable dividends.
Exchangeable protons the protons which are acidic in nature are called exchangeable protons.
Old Senior Exchangeable Preferred Stock for New Senior Exchangeable Preferred Stock, including the applicability and effect of any state, local or foreign tax laws.
Correspondingly, the Exchangeable Certificates can be exchanged for the Initial Exchangeable Certificates as set forth above.
Exchangeable Certificates, and the Initial Exchangeable Certificates and the Exchangeable Certificates that are outstanding are hereby designated as representing beneficial ownership interests in the
Exchangeable Shares the Exchangeable Share Consideration for each Exchangeable Share held by such holder.