| 单词 | redeemable security |
| 释义 | redeemable security A security which the borrower is due to redeem at some date. This is contrasted with an irredeemable security, where the borrower has no obligation to repay the loan. As a redeemable security approaches maturity, its price comes to be dominated by its redemption value, that is the amount which is due to be repaid. |
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