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The quality of being exchangeable (esp the ability to convert a currency into gold or other currencies without restriction)
Answer for the clue "The quality of being exchangeable (esp the ability to convert a currency into gold or other currencies without restriction) ", 14 letters:
convertibility
Word definitions for convertibility in dictionaries
Wikipedia
Word definitions in Wikipedia
Convertibility is the quality that allows money or other financial instruments to be converted into other liquid stores of value . Convertibility is an important factor in international trade , where instruments valued in different currencies must be exchanged. ...
The Collaborative International Dictionary
Word definitions in The Collaborative International Dictionary
Convertibility \Con*vert`i*bil"i*ty\, n. 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.
Wiktionary
Word definitions in Wiktionary
n. 1 The quality of being convertible 2 The quality of a currency of being exchangeable for gold or other currencies
WordNet
Word definitions in WordNet
n. the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction) [ant: inconvertibility ]
Usage examples of convertibility.
The doctrines of the convertibility or specific equivalence of the various forms of force, and of its conservation, which is its logical consequence, are very generally accepted, as I believe, at the present time, among physicists.
Dauzat, every few minutes worked a cumbersome crank to raise up or fold down his stanhope's hood and demonstrate its ease of convertibility on the hoof, as it were.