Redeemability
Pronunciation: /ˈɹɪdimˈəbɪɫəˌti/
Redeemability (noun)
- The quality of being able to exchange something for money, goods, or a service.
- The degree to which a promise, right, or benefit can be used to get what was promised.
- In finance, how likely an asset or security can be turned into cash or settled.
Examples
- The ticket has redeemability if you exchange it before it expires.
- You can check redeemability to see whether the voucher can be exchanged.