What context can I use each word in?
Learn when and how to use these words with these examples!
encashable
Example
The bond is encashable at any time before maturity. [encashable: adjective]
Example
The account has an encashable balance of $500. [encashable: adjective]
convertible
Example
The bond is convertible into shares of stock at a predetermined rate. [convertible: adjective]
Example
I need to convert my dollars into euros before I travel to Europe. [convert: verb]
Good things to know
Which word is more common?
Convertible is more commonly used than encashable in everyday language. Convertible has a wider range of applications and can be used in various contexts, while encashable is more specific and less commonly used.
Whatโs the difference in the tone of formality between encashable and convertible?
Both encashable and convertible are formal words used in financial contexts. However, convertible may be more versatile and can be used in both formal and informal contexts, while encashable is more technical and may be less familiar to non-experts.
