Redeemable
Part of speech: adjective
Definition: Capable of being redeemed; subject to repurchase; held under conditions permitting redemption; as, a pledge securing the payment of money is redeemable. Capable of being paid off; subject to a right on the part of the debtor to discharge or of an issuer to cancel by payment; as, a redeemable annuity or redeemable preferred stock. Susceptible to correction or reform.
Exchangeable
Part of speech: adjective
Definition: Able to be exchanged.Having an associated right to be exchanged for another form of financial security.