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Meaning of REDEEMABLE

Pronunciation:  ri'deemubul

WordNet Dictionary
 
 Definition: 
  1. [adj]  susceptible to improvement or reform; "a redeemable sinner"
  2. [adj]  able to be converted into ready money; "a cashable check"; "cashable gambling chips"; "redeemable stocks and bonds"
  3. [adj]  recoverable upon payment or fulfilling a condition; "redeemable goods in a pawnshop"
 
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 Synonyms: cashable, convertible, corrigible, exchangeable, recoverable, reformable
 

 

 

Webster's 1913 Dictionary
 
 Definition: 
\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.
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.
 

 

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