Define Redeemability. Redeemability synonyms, Redeemability pronunciation, Redeemability translation, English dictionary definition of Redeemability. n. 1. Redeemableness. Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co
In exchange for purchasing a municipal bond, the municipality promises to pay you a predetermined amount once the bond matures. You can redeem a matured bond at your local financial institution or through the municipality itself. You also have the option to sell the bond before it matures on ...