n. The quality of a currency of being exchangeable for gold or other currencies
the GNU version of the Collaborative International Dictionary of English
n. The condition or quality of being convertible; capability of being exchanged; convertibleness.
The Century Dictionary and Cyclopedia
n. The condition or quality of being convertible.
n. Capability of being applied or turned to a new use. The quality of being interchangeable: as, the convertibility of certain letters. In logic, capability of being transformed by conversion.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)
Word Usage
"Note that the element of convertibility is not a prerequisite; it is sufficient only to commit to the price of gold becoming the "alarm signal" for the real bills doctrine to work."