from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The condition of being inconvertible
from the GNU version of the Collaborative International Dictionary of English
- n. The quality or state of being inconvertible; not capable of being exchanged for, or converted into, something else.
from The Century Dictionary and Cyclopedia
- n. The quality of being inconvertible; incapability of being converted into or exchanged for something else: as, the inconvertibility of bank-notes or other currency into gold or silver.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the quality of not being exchangeable
Sorry, no etymologies found.
Such "currency inconvertibility insurance" could regain popularity as companies worry about emerging markets imposing foreign-exchange controls, Edith P.
The business of insuring foreign investors against sovereign acts like expropriation, change in law, currency inconvertibility and war-so-called "political risk insurance" - is not new.
With OPIC approval, EDI planned to purchase insurance covering political risks due to currency inconvertibility, war, revolution, insurrection, and expropriation.
Thus, dollar inconvertibility into gold came internationally some 37 years after President Roosevelt suspended domestic dollar convertibility in 1933.
Similarly, who, in 1948, when rigid exchange controls and inconvertibility of currencies prevailed almost around the world, would have believed that the international money market could possibly be as fluid and free as it is now in 1962.
There is also some inconvertibility within the sterling area between the British pound and for example the Australian, since imports have still to be limited for balance of payments reasons.
Now we realize that tariffs are only a minor factor under present chaotic conditions of world trade and finance which is bedevilled by managed currencies, competitive currency devaluations, arbitrary and discriminatory exchange controls, inconvertibility of currencies, discriminatory export and import quotas, customs regulations and other devices too numerous to mention.
On examining the results, it will be found that the cause of its ending is the inconvertibility of O.
With the inconvertibility of these bonds, they cannot reduce the annual budget deficit; they can only be defaulted upon to reduce the national debt by that 2.6 trillion dollars.
ECOWAS: Stakeholders react to the challenge of multiple inconvertible currencies currencies in use within ECOWAS countries and their apparent inconvertibility pose a major challenge to formal intra-regional