inconvertibility

in·con·vert·i·ble

(ĭn′kən-vûr′tə-bəl)

adj.

1. Not redeemable for money in coin: inconvertible paper currency.

2. Not able to be legally exchanged for another currency.

in′con·vert′i·bil′i·ty, in′con·vert′i·ble·ness n.

in′con·vert′i·bly adv.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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Noun

inconvertibility - the quality of not being exchangeable; "the inconvertibility of their currency made international trade impossible"

exchangeability, fungibility, interchangeability, interchangeableness - the quality of being capable of exchange or interchange

convertibility - the quality of being exchangeable (especially the ability to convert a currency into gold or other currencies without restriction)

Translations

inconvertibility

[ˈɪnkənˌvɜːtɪˈbɪlɪtɪ] N → inconvertibilidad f

Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

inconvertibility

n (Fin) → Uneinlösbarkeit f, → Inkonvertibilität f

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

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References in periodicals archive ?

Political Risk will insure cross-border transactions against loss due to political risks such as inconvertibility, expropriation, and political violence.

Critical Difference

Under CEN, additional coverage can be obtained for instances when the insured's own government forces the company to abandon or divest its foreign operations or for currency inconvertibility, civil war and insurrection.

FOREIGN EXPOSURE FOR GLOBAL PROPERTY

Consequently, bankers and corporate finance professionals have adopted 'risk management' as a term for dealing with all significant fluctuations in an organization's cash flows, including not only the ups and downs of business cycles, sound and unsound business judgments, and good and bad years for accidental losses, but also disruptions from becoming bankrupt or having funds tied up in litigation or by inconvertibility among currencies.

Head of the Class

OPIC pays claims on losses occurring from expropriation, inconvertibility and political violence (the latter being defined as loss of assets or income due to war, revolution, insurrection or politically motivated civil strife, terrorism and sabotage).

Global Dangers: POLITICAL RISK PART I

Developing markets often carry political risks, such as foreign asset confiscation, expropriation and nationalization, or losses resulting from political violence or currency inconvertibility.

Insuring Global Growth

It also can protect against currency inconvertibility, contract repudiation, trade embargoes or license cancellations by the U.S.

Global strategies and changing risk configurations

This is why insurance should be sought against confiscation, expropriation and nationalization, including coverage against inconvertibility of earnings, as well as insurance against the acts of creeping expropriation (acts that do not involve outright expropriation, but that prevent the proper performance of the investment, e.g., withdrawal of visas of expatriate managers, canceling import licenses for vitally needed spare parts, etc.

Political risk and the euphoria of emerging markets

Customer bankruptcy or payment default, trade embargo, license cancellation, confiscation, expropriation, nationalization or currency inconvertibility. And these are only some of the financial risks of conducting business globally.

Navigating global hazards

Political risks, which range from kidnap and ransom, expropriation and terrorism to currency inconvertibility, essentially involve the risk a company takes when it invests in a foreign country.

A global course ahead

O'Sullivan said, the biggest risk facing joint ventures is currency inconvertibility. "The Western partner either has to circumvent the problem by entering into a creative barter or countertrade agreement or wait until the Eastern European country solves the problem," he said.

New risks emerge in East Europe

"There are definite differences, which reflect the multiplicity of economic, cultural and legal systems found around the world." Special coverages include political risk insurance; kidnap and ransom; "gap" policies; war, revolution and insurrection; expropriation; and inconvertibility of currency.