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English definition of “redeemable stock”

redeemable stock

noun [U] (also UK redeemable share) STOCK MARKET, FINANCE
a type of stock that the seller agrees to buy back under particular conditions: Most redeemable stock has an earliest and a latest redeemable date. The company raised $22.1 million in a sale of Series C stock, priced at $1.12 per redeemable share.
(Definition of redeemable stock noun from the Cambridge Business English Dictionary © Cambridge University Press)

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