Source : Webster's Revised Unabridged Dictionary (1913)

Reversible \Re*vers"i*ble\, a. [Cf. F. r['e]versible revertible,
   reversionary.]
   1. Capable of being reversed; as, a chair or seat having a
      reversible back; a reversible judgment or sentence.

   2. Hence, having a pattern or finished surface on both sides,
      so that either may be used; -- said of fabrics.

   {Reversible lock}, a lock that may be applied to a door
      opening in either direction, or hinged to either jamb.

   {Reversible process}. See under {Process}.

Source : WordNet®

reversible
     adj 1: capable of reversing or being reversed; "reversible
            hypertension" [ant: {irreversible}]
     2: capable of being reversed or used with either side out; "a
        reversible jacket" [syn: {two-sided}] [ant: {nonreversible}]
     3: capable of being reversed; "a reversible decision is one
        that can be appealed or vacated"
     4: capable of assuming or producing either of two states; "a
        reversible chemical reaction"; "a reversible cell"
     n : a garment (especially a coat) that can be worn inside out
         (with either side of the cloth showing)