Redeemable
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
1. Subject to an obligation of redemption; embodying or conditioned upon, a promise or obligation of redemption; convertible into coin; as, a "redeemable currency." See U. S. v. North Carolina, 136 U. S. 211, 10 Sup. Ct 920, 34 L. Ed. 336.
2. Subject to redemption; admitting of redemption or repurchase; given or held under conditions admitting of reacquisition by purchase; as, a "redeemable pledge."
— Redeemable rights. Rights which return to the conveyor or disposer of land, etc., upon payment of the sum for which such rights are granted. Jacob.