Redeemable: meaning, definitions and examples

Generally used in situations where something, like a coupon or voucher, can be used to get a benefit, such as a discount or a product. It often implies a promise of value in exchange for something predetermined.

• The coupon is redeemable for a free coffee.
• This gift card is redeemable at any of our store locations.

Commonly used when something can be traded or swapped for something else, often seen in the context of products or tickets.

• The tickets are exchangeable for another date if you call ahead.
• The defective product is exchangeable within 30 days of purchase.

Typically used in financial and technical contexts to describe assets or securities that can be transformed into another form, such as stock options or currencies. It can also apply to objects or items that can be changed in form or function.

• The convertible bonds can be turned into company stock.
• The sofa is convertible into a bed.

Used when referring to things that can be converted directly into cash, often in the context of financial instruments like checks or bonds.

• The check is cashable at any participating bank.
• These government bonds are cashable after five years.

Use this term when referring to coupons, vouchers, or points that can be exchanged for a product or service.

• You can use your points for any redeemable reward
• The coupon is redeemable at participating stores

This word applies when describing items or rights that can be swapped for another item or service of similar value.

• The gift card is exchangeable for goods in any participating store
• Airline miles are often exchangeable for flight upgrades

This term is used when discussing items or assets that can be exchanged for something of similar value, often referring to securities, currencies, or vehicles that can change form.

• These bonds are convertible into common stock
• The sofa bed is a perfect example of a convertible piece of furniture

This word is suitable when referring to something that someone has a right to request or receive, such as a prize, benefit, or refund.

• The lottery prize is claimable within 30 days
• Your insurance benefits are claimable under your current policy