1. Subject to an obll-gation of redemption; embodying, or conditioned upon, a promise or obligation of redemption; convertible Into coin; as, a “re deemable currency." See U. 8. v. North Carolina, 136 U. S. 211, 10 Sup. Ct 920, 84 L. Ed. 336
Source: Black's Law Dictionary 2nd Ed (1910)
