The quality or capacity of being able to be changed, exchanged, or transformed from one form or function into another.
From 'convertible' plus '-ity' (quality or state), with roots in Latin 'convertibilis' from 'convertere' meaning 'to turn around or transform.' The '-ibility' suffix denotes capacity or potential.
Convertibility became a crucial economic concept during the gold standard era—currencies had 'convertibility' to gold, meaning you could actually trade your paper money for actual gold, which was far different from today's fiat currency.
Complete word intelligence in one call. Free tier — 50 lookups/day.