Redeemable

Eligible for redemption under the terms of the indenture. The New York Times Financial Glossary

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redeem re‧deem [rɪˈdiːm] verb [transitive] FINANCE
1. to pay off a loan or debt:

• He intends to redeem the mortgage at the earliest opportunity.

• When do you expect to redeem this debt?

2. to exchange shares, bonds etc for cash:

• A company will not normally be allowed to redeem its shares during the offer period if its board believes that a takeover offer is imminent.

3. to get back something that you pawnEd (= left with someone when you borrowed money from them ) , by returning the money borrowed
— redeemable adjective :

• Most of these bonds are redeemable at par, i.e. £100 is payable for each £100 nominal value of stock.

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redeemable UK US /rɪˈdiːməbl/ adjective
COMMERCE used to show how and when coupons (= pieces of paper used to buy goods at a lower price), points from a credit card, etc. can be used: »

The program provides those eligible with $20 worth of vouchers redeemable at farmers' markets for locally grown produce.

redeemable against sth »

Every £100 spent earns 10 Plus Points redeemable against discounts on goods and services.

redeemable as sth »

You receive one rewards point for each dollar spent, and points are redeemable as air miles, hotel accommodation, car rental, and some restaurant meals.

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.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • redeemable — re·deem·able adj: capable of being redeemed; specif: subject to redemption before maturity or after a specified time and usu. with payment of an added premium a redeemable bond redeemable preferred stock Merriam Webster’s Dictionary of Law.… …   Law dictionary

  • Redeemable — Re*deem a*ble ( ?*b;l), a. 1. Capable of being redeemed; subject to repurchase; held under conditions permitting redemption; as, a pledge securing the payment of money is redeemable. [1913 Webster] 2. Subject to an obligation of redemtion;… …   The Collaborative International Dictionary of English

  • redeemable — (adj.) 1610s, from REDEEM (Cf. redeem) + ABLE (Cf. able) …   Etymology dictionary

  • redeemable — Eligible for redemption under the terms of an indenture. Bloomberg Financial Dictionary * * * redeem re‧deem [rɪˈdiːm] verb [transitive] FINANCE 1. to pay off a loan or debt: • He intends to redeem the …   Financial and business terms

  • redeemable — /radiymabal/ Subject to redemption; admitting of redemption or repurchase; given or held under conditions admitting of reacquisition by purchase; as, a redeemable pledge. @ redeemable bond A bond which the issuer may call for payment pursuant to… …   Black's law dictionary

  • redeemable — adjective 1. recoverable upon payment or fulfilling a condition redeemable goods in a pawnshop • Similar to: ↑recoverable 2. able to be converted into ready money or the equivalent a cashable check cashable gambling chips redeemable stocks and… …   Useful english dictionary

  • redeemable — adjective a) Capable of being redeemed; able to be restored or recovered. b) Capable of being paid off; subject to a right on the part of the debtor to discharge or of an issuer to repurchase; as, a redeemable annuity or redeemable preferred… …   Wiktionary

  • redeemable — [[t]rɪdi͟ːməb(ə)l[/t]] ADJ: oft ADJ against/for n If something is redeemable, it can be exchanged for a particular sum of money or for goods worth a particular sum. Their full catalogue costs $5, redeemable against a first order …   English dictionary

  • redeemable — redeemability, redeemableness, n. redeemably, adv. /ri dee meuh beuhl/, adj. 1. capable of being redeemed. 2. that will be redeemed: bonds redeemable in 10 years. Also, redemptible /ri demp teuh beuhl/. [1605 15; REDEEM + ABLE] * * * …   Universalium

  • redeemable — re|deem|a|ble [rıˈdi:məbəl] adj able to be exchanged for money or goods ▪ Stamps are redeemable for merchandise or cash …   Dictionary of contemporary English

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