redeemable -- (recoverable upon payment or fulfilling a condition; "redeemable goods in a pawnshop")
cashable, redeemable -- (able to be converted into ready money or the equivalent; "a cashable check"; "cashable gambling chips"; "redeemable stocks and bonds"; "a redeemable coupon")
redeemable, reformable -- (susceptible to improvement or reform; "a redeemable sinner")