redeemable

from The Century Dictionary.

• Capable of being redeemed; admitting of redemption.
• Capable of being 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.

from the GNU version of the Collaborative International Dictionary of English.

• adjective Capable of being redeemed; subject to repurchase; held under conditions permitting redemption.
• adjective Subject to an obligation of redemtion; conditioned upon a promise of redemtion; payable; due; , redeemabble in gold, or in current money, or four months after date.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• adjective Capable of being redeemed; able to be restored or recovered.
• adjective 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.
• adjective Susceptible to correction or reform.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• adjective susceptible to improvement or reform
• adjective able to be converted into ready money or the equivalent
• adjective recoverable upon payment or fulfilling a condition