'Redeemable' definitions:

Definition of 'redeemable'

(from WordNet)
adjective
Recoverable upon payment or fulfilling a condition; "redeemable goods in a pawnshop"
adjective
Able to be converted into ready money or the equivalent; "a cashable check"; "cashable gambling chips"; "redeemable stocks and bonds"; "a redeemable coupon" [syn: cashable, redeemable]
adjective
Susceptible to improvement or reform; "a redeemable sinner" [syn: redeemable, reformable]

Definition of 'Redeemable'

From: GCIDE
  • Redeemable \Re*deem"a*ble\ (-?*b;l), a.
  • 1. Capable of being redeemed; subject to repurchase; held under conditions permitting redemption; as, a pledge securing the payment of money is redeemable. [1913 Webster]
  • 2. Subject to an obligation of redemtion; conditioned upon a promise of redemtion; payable; due; as, bonds, promissory notes, etc., redeemabble in gold, or in current money, or four months after date. [1913 Webster]