(about bonds or shares) that can be exchanged for another type of investment in a company, usually ordinary shares（债券或股票）可转换的◆The bonds are convertible into France Telecom shares.债券可转换成法国电信的股份。◆The company issued €1 billion in convertible bonds.公司发行了 10 亿欧元的可转换债券。  ➡  exchangeable