1. to pay off a loan or debt:
• He intends to redeem the mortgage at the earliest opportunity.
• When do you expect to redeem this debt?
2. to exchange shares, bonds etc for cash:
• A company will not normally be allowed to redeem its shares during the offer period if its board believes that a takeover offer is imminent.
3. to get back something that you pawnEd (= left with someone when you borrowed money from them ) , by returning the money borrowed
— redeemable adjective :
• Most of these bonds are redeemable at par, i.e. £100 is payable for each £100 nominal value of stock.
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redeem UK US /rɪˈdiːm/ verb [T]
► FINANCE, STOCK MARKET to exchange shares or bonds for cash: »
Class B Shares are subject to a sales charge if they are redeemed within six years of purchase.
»Private investors will have to pay their own dealing fees to redeem their holdings.
► FINANCE to pay back a loan: »
redeem a loan/debt/mortgage
Financial and business terms. 2012.