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Webster 1913 Edition

Adj.

[Cf.F.

échangeable

Capable of being exchanged; fit or proper to be exchanged.

The officers captured with Burgoyne were

exchangeable

within the powers of General Howe.

Marshall.

Available for making exchanges; ratable.

“An exchangeable value.”

J. S. Mill.

Adj.

That may be exchanged; capable of being exchanged; fit or proper to be exchanged.

The officers captured with Burgoyne were exchangeable within the powers of Gen. Howe.

Bank bills exchangeable for gold or silver.

exchangeable ‎(comparative more exchangeable, superlative most exchangeable)

Able to be exchanged.
(finance) Having an associated right to be exchanged for another form of financial security.

able to be exchanged