REDEEMABLE • DICTIONARY ONE.COM • Definition of Redeemable

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/rɪdˈiməbəl/ Listen

adjective

Redeemable adj.

Capable of being redeemed; subject to repurchase; held under conditions permitting redemption; as, a pledge securing the payment of money is redeemable.

Subject to an obligation of redemtion; conditioned upon a promise of redemtion; payable; due; as, bonds, promissory notes, etc., redeemabble in gold, or in current money, or four months after date.

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Etymology of 'Redeemable'

Collaborative International Dictionary of English 0.48

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"Redeemable" Quotes from Famous Books

... is imposed upon the same fund. It, in many cases, falls altogether upon the interest of money. Money is frequently sunk in France, upon what are called contracts for the constitution of a rent; that is, perpetual annuities, redeemable at any time by the debtor, upon payment of the sum originally advanced, but of which this redemption is not exigible by the creditor except in particular cases. The vingtieme seems not to have raised the rate of those annuities, though it is exactly levied upon ...

— An Inquiry into the Nature and Causes of the Wealth of Nations • Adam Smith

... is indebted to ....... or bearer in the sum of TEN DOLLARS, redeemable six months after the acknowledgment of THE IRISH NATION, with interest from the date hereof inclusive, at six per cent, per annum, payable on presentation of this Bond at the Treasury of the ...

— Troublous Times in Canada - A History of the Fenian Raids of 1866 and 1870 • John A. Macdonald

... public expenditures to necessary objects, and of applying all the surplus at any time in the Treasury to the redemption of the debt. I recommend that authority be vested in the Executive by law to anticipate the period of reimbursement of such portion of the debt as may not be now redeemable, and to purchase it at par, or at the premium which it may command in the market, in all cases in which that authority has not already been granted. A premium has been obtained by the Government on much ...

— A Compilation of the Messages and Papers of the Presidents: Polk - Section 3 (of 3) of Volume 4: James Knox Polk • Compiled by James D. Richardson

... variations in the rates for silver and for copper. Speculation was also possible with the deposit certificates, which were issued in quantities by the state from the beginning of the eleventh century, and to which the first true paper money was soon added. The paper money and the certificates were redeemable at a definite date, but at a reduction of at least 3 per cent of their value; this, too, yielded a ...

— A history of China., [3d ed. rev. and enl.] • Wolfram Eberhard

... winter in New York a company was formed, the most original company in all this rocky old world—the Great Adventure Company, of which I am president and general adviser. Pearls! Each member of the crew is a shareholder, undersigned at fifteen hundred shares, par value one dollar. These shares are redeemable October first in New York City if the company fails, or are convertible into pearls of equal value if we succeed. No widows and orphans ...

— The Pagan Madonna • Harold MacGrath

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