irredeemable
- adjective
- /ˌɪrəˈdiməbl/
- Specialized
:
irredimible
- During the economic crisis, citizens worried about their savings being held in irredeemable paper money.
Examples
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I think the CG's statement was likely intended to tell subordinates to exercise their judgment such that they only charged the irredeemable for court-martial.
Blog text (19) -
This allows him to suggest that gold has indeed performed better historically than irredeemable paper.
Academic text (1999) -
The certificates were consequently made de facto irredeemable, initially with little impact on their value.
Academic text (2017) -
France also went back to the old way of issuing irredeemable debt to make up for tax shortfalls and borrowing in a haphazard way as needed.
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Mises, in other words, goes so far in attacking the very possibility of scientifically managed money as to seemingly rule out the possibility of any scientific comparison of the historical performance of gold with that of irredeemable paper money.
Academic text (1999) -
Many investors prefer gold because they believe that irredeemable currency could lose its value over time.
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The government issued irredeemable bonds that could not be converted back into gold or silver.
Synonyms
1
8.6
Cannot be changed to be good again
1
7.3
You cannot return or change it after you buy it
1
9.9
No longer used or accepted, for example as money
1
6.0
People cannot buy, sell, or exchange it
You cannot exchange it for another currency or asset
You cannot exchange it for another currency
Cannot be sold or exchanged for money
You cannot buy or sell it in a market
Antonyms
How Redeemable
Surface Forms
Morphology
irredeemable = redeemable (transparent) = ir + redeem + able
The word is formed by negating the adjective 'redeemable' with the productive negative prefix 'ir-', yielding the literal 'not able to be redeemed' in a monetary sense.
Etymology
Irredeemable comes from the parts ir- 'not' and redeem 'buy back', like the old idea of exchanging a paper note for gold. So an irredeemable banknote cannot be bought back or changed into coin or gold.