Usually means: Cannot be exchanged or returned.
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We found 4 dictionaries that define the word nonredeemable:

General (1 matching dictionary)
  1. nonredeemable: Wiktionary

Business (3 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Nonredeemable: bizterms.net
  3. Nonredeemable: Financial dictionary

Definitions from Wiktionary (nonredeemable)

adjective:  Not redeemable.
adjective:  (finances) Not able to be redeemed by being converted into e.g. gold.

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