Synonyms for Redeemable (same or very similar meaning)
WordNet sense 1 (capable of being recovered or regained):
recoverable
WordNet sense 2 (able to be converted into ready money or the equivalent):
cashable
WordNet sense 3 (capable of being exchanged for or replaced by something of equal value):
convertible, exchangeable
WordNet sense 4 (susceptible to improvement or reform):
reformable
WordNet sense 5 (capable of being corrected or set right):
corrigible
From the ODE community, based on WordNet
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