unredeemed
adjective
uk/ˌʌnrɪˈdiːmd/usFINANCE
used todescribesomething that has been given assecurityon aloan, and which thelenderkeepsbecause theborrowerhas notpaidback theloan:
Unredeemedarticlesbecomethepropertyof thepawnbrokerat the end of theperiodand may besoldinordertorepaytheloan.
notexchangedformoneyorgoods:
Retailersgainahugeamountofrevenuethrough unredeemedgiftcards.