Definitions
from The Century Dictionary.
- noun 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 the GNU version of the Collaborative International Dictionary of English.
- noun The quality or state of being inconvertible; not capable of being exchanged for, or converted into, something else.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The condition of being
inconvertible
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun the quality of not being exchangeable
Etymologies
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Examples
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Such "currency inconvertibility insurance" could regain popularity as companies worry about emerging markets imposing foreign-exchange controls, Edith P.
As Risks Rise, Currency Insurance Could Gain Favor Chana R. Schoenberger 2011
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With OPIC approval, EDI planned to purchase insurance covering political risks due to currency inconvertibility, war, revolution, insurrection, and expropriation.
Strategic Management in Developing Countries Case Studies James E. Austin 2000
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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.
World Bank Props Up Despots With New 'Corruption' Loans 2000
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With OPIC approval, EDI planned to purchase insurance covering political risks due to currency inconvertibility, war, revolution, insurrection, and expropriation.
Strategic Management in Developing Countries Case Studies James E. Austin 2000
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Thus, dollar inconvertibility into gold came internationally some 37 years after President Roosevelt suspended domestic dollar convertibility in 1933.
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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.
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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.
Our Common Wealth 1955
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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.
Canada's To-day 1954
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On examining the results, it will be found that the cause of its ending is the inconvertibility of O.
Logic Deductive and Inductive Carveth Read 1889
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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.
OpEdNews 2010
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