redeemable (Adjective) — Recoverable upon payment or fulfilling a condition. ex. "redeemable goods in a pawnshop"
redeemable (Adjective) — Able to be converted into ready money or the equivalent. ex. "redeemable stocks and bonds" ex. "a redeemable coupon"
redeemable (Adjective) — Susceptible to improvement or reform. ex. "a redeemable sinner"