Meaning of “irredeemable” in the English Dictionary

"irredeemable" in British English

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irredeemableadjective

uk /ˌɪr.ɪˈdiː.mə.bəl/ us /ˌɪr.əˈdiː.mə.bəl/ formal

(Definition of “irredeemable” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"irredeemable" in Business English

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irredeemableadjective

uk /ˌɪrɪˈdiːməbl/ us

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.

irredeemablenoun

uk /ˌɪrɪˈdiːməbl/ us
irredeemables

[ plural ] FINANCE bonds that pay interest but have no agreed date on which the borrower must pay the lender:

Irredeemables have no redemption date at all, so that interest on them will be paid indefinitely.

(Definition of “irredeemable” from the Cambridge Business English Dictionary © Cambridge University Press)