From Longman Dictionary of Contemporary Englishredeemablere‧deem‧a‧ble /rɪˈdiːməbəl/ adjective able to be exchanged for money or goods Stamps are redeemable for merchandise or cash.
Examples from the Corpus
redeemable• Tickets are £3, redeemable against any purchase.• Dean Mansfield says the ticket price is redeemable and he hopes to claim most of it back from the airline.• Another example is that of index linked loans which may be redeemable at the principal amount multiplied by an index.• It is issued to passengers whose flights have been cancelled or delayed and is redeemable by the airlines at face value.• Stamps are redeemable for merchandise or cash.• Manufacturers' coupons are redeemable in any store that accepts them.• Preference shares, particularly redeemable preference shares, are sometimes considered to be more akin to loan stock than share capital.• In addition, or alternatively, they may be redeemable, thus promising cash from the company at a future date. 