adj. Having an associated right to be exchanged for another form of financial security.
the GNU version of the Collaborative International Dictionary of English
adj. Capable of being exchanged; fit or proper to be exchanged.
adj. Available for making exchanges; ratable.
The Century Dictionary and Cyclopedia
Capable of being exchanged; fit or proper to be exchanged.
Ratable by exchange; to be estimated by what may be procured in exchange: as, the exchangeable value of goods.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
adj. suitable to be exchanged
adj. capable of being exchanged for or replaced by something of equal value
adj. capable of replacing or changing places with something else; permitting mutual substitution without loss of function or suitability
Word Usage
"As a result, Liberty is shifting $551 million in long-term exchangeable debt issued by media giant Viacom Inc., along with $380 million in cash, from Liberty Entertainment to Liberty Interactive to shore up its credit position."