EXCHANGEABLE
convertible, exchangeable
(adjective) capable of being exchanged for or replaced by something of equal value; āconvertible securitiesā
exchangeable
(adjective) suitable to be exchanged
exchangeable, interchangeable, similar, standardized, standardised
(adjective) capable of replacing or changing places with something else; permitting mutual substitution without loss of function or suitability; āinterchangeable electric outletsā; āinterchangeable partsā
Source: WordNet® 3.1
Etymology
Adjective
exchangeable (not comparable)
Able to be exchanged.
(finance) Having an associated right to be exchanged for another form of financial security.
Noun
exchangeable (plural exchangeables)
(finance) Any financial instrument with an associated right to be exchanged for another form of financial security.
Source: Wiktionary
Ex*change"a*ble, a. Etym: [Cf.F. Ć©changeable.]
1. Capable of being exchanged; fit or proper to be exchanged.
The officers captured with Burgoyne were exchangeable within the
powers of General Howe. Marshall.
2. Available for making exchanges; ratable. "An exchangeable value."
J. S. Mill.
Source: Webster’s Unabridged Dictionary 1913 Edition