Definitions
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adjective 
  1. Capable of being redeemed; subject to repurchase; held under conditions permitting redemption; as, a pledge securing the payment of money is redeemable.
  2. Capable of being pay off, paid off; subject to a right on the part of the debtor to discharge, satisfy, recover, or take back by payment; as, a redeemable annuity.

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