The minute the yuan becomes fully convertible, it will join the euro as an alternative reserve currency.(人民币一实现完全浮动，就可能和欧元一样成为各国储备外汇。)
Switzerland has already chosen one version of this approach by forcing its two big banks to issue new contingent convertible (CoCo) bonds.(瑞士已经采取了类似的做法，规定其两家大银行发行新的或有可转换（CoCo）债券。)
Paul left his convertible parked in the rain with the roof open.(保罗把敞篷车停在雨中，车顶没关就离开了。)
In order to keep the currency convertible, they had to keep interest rates high to prevent people from demanding to exchange the gold.(为了保持货币的转换性，他们不得不将利率提高，以防人们向他们索求金子的兑换。)
Over time, the euro and China’s yuan (if it became convertible) could emerge as competitors.(在不久的将来，欧元和人民币（如果人民币可以自由兑换）将成为有力的竞争者。)
Own a convertible sports car.(拥有一辆敞蓬跑车。)
Is it convertible debt?(还是可转换债务？)
This time the Chinese firm could buy convertible bonds or direct equity stakes in mines.(这一回中国公司可购买可调换公司债或矿产的直接股权。)
Mister Wilson, you asked me to hold that red convertible until you made up your mind whether to buy it.(这个汽车商人说：“威尔逊先生，你要我把那辆红色敞篷车先留一下，等你作出决定究竟买不买。)
You need to understand all these terms and also the difference between convertible notes and equity.(你能理解所有的条款，并知晓可转换票据和股票间的区别。)
