redemption
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The extinguishing of a debt through cash payment. Exchange Handbook Glossary
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The date a security, such as, a bond, preferred stock or mutual fund shares becomes repayable. This is also called the maturity date. Financial Services Glossary
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Certain stocks are repayable at a future date set by the issuing company. London Stock Exchange Glossary
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Sale of an investor's shares or units in a collective investment scheme. NYSE Euronext Glossary
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redemption re‧demp‧tion [rɪˈdempʆn] noun [countable, uncountable] FINANCE
1. an occasion when shares, bonds etc are exchanged for cash from the organization that sold them and made them available:
• The table sets out the amount payable on redemption.
• the redemption value of a security
• Analysts expect another large volume of early redemptions of municipal bonds.
2. the act of paying off a loan or debt:
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The repurchase of a bond at maturity by the issuer.
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redemption UK US /rɪˈdemʃən/ noun [C or U]
► FINANCE,
STOCK MARKET »
Redemptions made by telephone for shares recently purchased by check will not be honored unless the check has cleared.
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For redemptions of $50,000 or more, you must include a signature guarantee for each owner.
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redemption requests/orders/penalties
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redemption proceeds/fees/yields
make/request/submit a redemption »
You may request a redemption or an exchange by calling our Shareholder Service Center.
► FINANCE redemption of debt/a loan/a mortgage »
The nation's largest jewelry retailer reported an 11% rise in earnings for the latest quarter, boosted by higher sales and the early redemption of debt.
Financial and business terms.
2012.