Redeemable vs Nonredeemable - What's the difference?
redeemable | nonredeemable |
Capable of being redeemed; able to be restored or recovered.
(finance) 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 stock.
Susceptible to correction or reform.
Not redeemable.
(finances) Not able to be redeemed by being converted into e.g. gold.