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English definition of “exchangeable”

exchangeable

adjective     /ɪksˈtʃeɪndʒəbl/
FINANCE able to be exchanged by its owner for something else: exchangeable for sth The bonds will be exchangeable for shares or cash.exchangeable into sth Drachma continued to be exchangeable into Euros until 2004. exchangeable bonds/shares/securities
(Definition of exchangeable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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