Definition, Meaning & Synonyms
redeemable
adjective
/rɪˈdiːməbl/
Definition
Capable of being redeemed or exchanged for something of value.
Examples
- Gift cards are often redeemable for merchandise at specific stores.
- The bonds issued by the company are redeemable after five years.
- Many loyalty programs offer redeemable points for discounts on future purchases.
Meaning
Redeemable refers to something that can be reclaimed or exchanged, particularly in terms of financial instruments or rewards.
Synonyms
- exchangable
- convertible
- recoverable
