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English definition of “irredeemable”

irredeemable

adjective
 
 
/ˌɪrɪˈdiːməbl/
impossible to correct, improve, or change: An irredeemable letter cannot be cancelled.
FINANCE used to describe investments such as bonds that pay interest but have no agreed date on which the borrower must pay the lender: They may be irredeemable, so that although they can be sold at any time the capital realised will depend on their price in the open market.
(Definition of irredeemable adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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