"redeemable" in the adjective sense
1. redeemable
recoverable upon payment or fulfilling a condition
"redeemable goods in a pawnshop"
2. cashable, redeemable
able to be converted into ready money or the equivalent
"a cashable check"
"cashable gambling chips"
"redeemable stocks and bonds"
"a redeemable coupon"
3. redeemable, reformable
susceptible to improvement or reform
"a redeemable sinner"
Source: WordNet® (An amazing lexical database of English)
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