adj. 1. not redeemable, as for payment: nonredeemable soda bottles. 2. not able to be improved or compensated for: evil, nonredeemable behavior.
Nonredeemable
Nonredeemable
Not permitted, under the terms of an indenture, to be redeemed.
Nonredeemable
Describing a bond or other security whose holder is not permitted to exchange it with the issuer in return for its face value. Nonredeemable securities may be either traded or held to maturity.