convertible property

It is clear that the temptation to increase "distributable" property, if one may coin such, an expression, is very great, and accounts for the way in which many Roman gentlemen have rushed headlong into speculation, though possessing none of the qualities necessary for success, and only one of the requisites, namely, a certain amount of ready money, or free and convertible property.

Blindly following out his agreement, he found himself saddled with a load of railroad-shares, useless for any present purpose, and all his convertible property gone.

Sir Edgar had died suddenly, and the entailed estates had fallen to his successor the colonel, now Sir Harry; but the bulk of his wealth, being in convertible property, he had given by will to his other nephew, a young clergyman, and a son of a younger brother.