Extended redemption penalty

 

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Extended redemption penalty

This is where the redemption penalty continues beyond a fixed or capped rate period, effectively tying you in to the much higher variable rate for a period of time after the fixed or capped period. As a result you get stuck paying an uncompetitive rate that eats into the gains you may have made from having the fixed rate or capped ratein the first place.



Extended redemption penalty

Similar Matches

Redemption price

Redemption price

See: Call price


Redemption fees

Redemption fees

Fees imposed by a mutual fund on shareholders who dispose of shares within a relatively short period after purchase.


Redemption statement

Redemption statement

The outstanding amount to be repaid on an existing mortgage. Redundancy insurance Another form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU).


Mandatory redemption schedule

Mandatory redemption schedule

Schedule according to which bond sinking fund payments must be made.


Redemption

Redemption

The re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.


Further Suggestions

Redemption Period
Right of redemption
Serial redemption
Redemption fee
gross redemption yield
redemption price
Redemption charge
Redemption
Preferred equity redemption stock (PERC)
Overhanging redemption penalty
Redemption date
right of redemption
redemption date
Redemption
Redemption
Redemption penalties
redemption yield
Redemption cushion
Redemption penalty overhang


 
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