- unredeemed
- unredeemed UK US /ˌʌnrɪˈdiːmd/ adjective► FINANCE used to describe something that has been given as security on a loan, and which the lender keeps because the borrower has not paid back the loan: »
Unredeemed articles become the property of the pawnbroker at the end of the period and may be sold in order to repay the loan.
► not exchanged for money or goods: »Retailers gain a huge amount of revenue through unredeemed gift cards.
Financial and business terms. 2012.