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eld under conditions permitting redemption; as, a pledge securing the payment of money is redeemable.

The quality or state of being redeemable; redeemability.

Not redeemable; that can not be redeemed; not payable in gold or silver, as a bond; -- used especially of such government notes, issued as currency, as are not convertible into coin at the pleasure of the holder. -- Ir`re*deem"a*ble*ness, adv.

authority for certain proceedings given by the Lord Chancellor's signature. Fiat money, irredeemable paper currency, not resting on a specie basis, but deriving its purchasing power from the declaratory fiat of the government issuing it.

bonds of the United States (bearing six per cent interest), issued in 1862, '64, and '65, redeemable after five and payable in twenty years.

Something deposited and redeemable by a sportive fine; -- whence the game of forfeits. Country dances and forfeits shortened the rest of the day. Goldsmith.

being exchanged for, or converted into, something else; as, the inconvertibility of an irredeemable currency, or of lead, into gold.

The state or quality of being irredeemable; irredeemableness.

Redeemableness.

Redeemable.

for currency, and issued by a private party, usually bearing the name of the issuer, and redeemable in lawful money. Also, a coin issued by government, esp. when its use as lawful money is limited and its intrinsic value is much below its nominal value.

-- Welsh mortgage (O. Eng. Law), a species of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the mean time shall be received by the mortgagee without account, in satisfaction of interest. Burrill. -- Welsh mutton, a choice and d…