Definitions for "Convertibility"
The condition or quality of being convertible; capability of being exchanged; convertibleness.
The ability to exchange a currency without government restrictions or controls.
the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)
A provision that allows one type of policy to be exchanged for another without the policyholder providing medical proof of insurability.
A provision in term policies that allows the insured to convert the policy to a whole life policy providing the same death benefit, without proof of insurability.
The right to convert one kind of policy to a permanent policy without evidence of insurability. Most term policies can be converted into permanent insurance.
The ability to change a loan from an adjustable rate schedule to a fixed rate schedule.
The ability to change a loan from a variable rate schedule to a fixed rate.
a clause in an adjustable rate loan that allows the borrower to convert the ARM to a fixed rate loan at some future date.
Keywords:  savings, deposit
savings deposit