1. cars with roofs that can be folded down or removed
2. bonds or securities that can be exchanged for shares of stock
Usage: finance

Examples

• The car lot had several red convertibles for sale.
• She loved driving her convertible with the top down on sunny days.
• Convertibles are popular in warm climates.
• The company issued convertibles to raise capital.
• Investors bought convertibles hoping to benefit from stock price increases.
• Many luxury convertibles come with heated seats.
• The portfolio included both stocks and convertibles.