redeemable Meaning in the Cambridge English Dictionary
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Meaning of “redeemable” in the English Dictionary

"redeemable" in Business English

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redeemableadjective

uk   us   /rɪˈdiːməbl/
COMMERCE used to show how and when coupons (= ​pieces of ​paper used to ​buygoods at a ​lowerprice), ​points from a ​creditcard, etc. can be used: The ​programprovides those ​eligible with $20 ​worth of ​vouchers redeemable at ​farmers' ​markets for ​locallygrownproduce.redeemable against sth Every £100 ​spentearns 10 Plus Points redeemable against ​discounts on ​goods and ​services.redeemable as sth You receive one ​rewardspoint for each ​dollarspent, and ​points are redeemable as ​airmiles, ​hotelaccommodation, ​carrental, and some ​restaurantmeals.
STOCK MARKET, FINANCE relating to bonds, ​shares, etc. that can be ​exchanged for ​cash at a particular ​time: redeemable at sth The ​shares are redeemable at $21.05 each.
(Definition of redeemable from the Cambridge Business English Dictionary © Cambridge University Press)
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