redeemable
    adj 1: recoverable upon payment or fulfilling a condition;
           "redeemable goods in a pawnshop"
    2: 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]
    3: susceptible to improvement or reform; "a redeemable sinner"
       [syn: redeemable, reformable]

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]