redeemable

adj

1. Capable of being redeemed; able to be restored or recovered.
2. Capable of being paid off; subject to a right on the part of the debtor to discharge or of an issuer to repurchase

   “a redeemable annuity”

   “redeemable preferred stock”

3. Susceptible to correction or reform.

noun

1. A financial instrument that can be redeemed.