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 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; 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.
      [1913 Webster]