Webster's Revised Unabridged Dictionary · 1913

Exchangeable

Exchangeable , adjective

[CompareF. échangeable.]

1.
Capable of being exchanged; fit or proper to be exchanged.
The officers captured with Burgoyne were exchangeable within the powers of General Howe. — Marshall
2.
Available for making exchanges; ratable.
An exchangeable value. — J. S. Mill