The minute the yuan becomes fully convertible, it will join the euro as an alternative reserve currency.(人民幣一實現完全浮動，就可能和歐元一樣成為各國儲備外匯。)

Switzerland has already chosen one version of this approach by forcing its two big banks to issue new contingent convertible (CoCo) bonds.(瑞士已經采取了類似的做法，規定其兩家大銀行發行新的或有可轉換（CoCo）債券。)

Paul left his convertible parked in the rain with the roof open.(保羅把敞篷車停在雨中，車頂沒關就離開了。)

In order to keep the currency convertible, they had to keep interest rates high to prevent people from demanding to exchange the gold.(為了保持貨幣的轉換性，他們不得不將利率提高，以防人們向他們索求金子的兌換。)

Over time, the euro and China’s yuan (if it became convertible) could emerge as competitors.(在不久的將來，歐元和人民幣（如果人民幣可以自由兌換）將成為有力的競爭者。)

Own a convertible sports car.(擁有一輛敞蓬跑車。)

Is it convertible debt?(還是可轉換債務？)

This time the Chinese firm could buy convertible bonds or direct equity stakes in mines.(這一回中國公司可購買可調換公司債或礦產的直接股權。)

Mister Wilson, you asked me to hold that red convertible until you made up your mind whether to buy it.(這個汽車商人說：“威爾遜先生，你要我把那輛紅色敞篷車先留一下，等你作出決定究竟買不買。)

You need to understand all these terms and also the difference between convertible notes and equity.(你能理解所有的條款，并知曉可轉換票據和股票間的區別。)