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REDEEMABLE

Definition:

[adjective] recoverable upon payment or fulfilling a condition; "redeemable goods in a pawnshop"
[adjective] able to be converted into ready money; "a cashable check"; "cashable gambling chips"; "redeemable stocks and bonds"
Synonyms: cashable
[adjective] susceptible to improvement or reform; "a redeemable sinner"
Synonyms: reformable