👉 Redevable is a legal term that refers to an asset or debt that is considered to be due and payable at some future date. It's often used in financial transactions, such as loans, leases, and other contracts, where the parties agree to pay back the amount owed on a specific date. In this context, "redevable" means that the asset or debt has been recognized as a liability by the party who is responsible for paying it off. The term can also be used in
