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Convertibility   /kˌɑnvərtɪbˈɪlɪti/   Listen
Convertibility

noun
1.
The quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction).





WordNet 3.0 © 2010 Princeton University


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"Convertibility" Quotes from Famous Books



... moves hundreds of ships and barges, filled with valuable cargoes, up our tidal rivers, to the commercial cities on their banks. She thus performs a vast amount of daily and nightly mechanical drudgery. She is the most effective of all Tugs; and now that we understand the convertibility and conservation of force, we may be able to use her Tide-producing powers through the agency of electricity for mechanical purposes. It is even possible that the Tides may yet light our streets and houses!* [footnote... It is not quite a century since London was in part ...
— James Nasmyth's Autobiography • James Nasmyth
... plant lags well behind West European standards. In January 1991, Prague launched a sweeping program to convert its almost entirely state-owned and controlled economy to a market system. The koruna now enjoys almost full internal convertibility and over 90% of prices are set by the market. The government is planning to privatize all small businesses and roughly two-thirds of large enterprises by the end of 1993. New private-sector activity is also expanding. Agriculture - 95% socialized ...
— The 1992 CIA World Factbook • United States. Central Intelligence Agency.


Words linked to "Convertibility" :   fungibility, exchangeability, exchangeable, inconvertibility, interchangeableness, unconvertible, convertible, unexchangeable, inconvertible, interchangeability


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