convertibility Meaning, Definition & Usage

  1. noun the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)

WordNet

Con*vert`i*bil"i*ty noun
Definitions
  1. The condition or quality of being convertible; capability of being exchanged; convertibleness.
    The mutual convertibility of land into money, and of money into land. Burke.

Webster 1913