redeemable
adjective
1. recoverable upon payment or fulfilling a condition
- redeemable goods in a pawnshop
Similar word(s): recoverable
2. able to be converted into ready money or the equivalent
- redeemable stocks and bonds
- a redeemable coupon
Similar word(s): convertible, exchangeable, cashable
3. susceptible to improvement or reform
- a redeemable sinner
Similar word(s): corrigible, reformable