Gross redemption yield

 

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Gross redemption yield

See 'redemption yield'.



Similar Matches

Redemption penalties

Redemption penalties

Charges paid to the lender in compensation for lost interest if you redeem your mortgage ahead of schedule. During a discount period you will be severely penalised if you try to switch to another product or mortgage provider. Penalties can be stepped just like discounts, and can be particularly severe within the first year. This is to ensure that the costs that the lender endures in setting up the mortgage are always covered. Penalties can be a fixed sum of money, though are often proportion of the loan. With cashback mortgages, you often have to repay the amount of money you received as cashback.


Redemption date

Redemption date

The date on which a bond matures or is redeemed.


Redemption penalty overhang

Redemption penalty overhang

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.


Right of redemption

Right of redemption

The right to recover property forfeited by foreclosure by paying the outstanding principal owed plus interest.


Redemption

Redemption

The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.


Further Suggestions

Redemption
Right of redemption
Redemption cushion
redemption yield
Mandatory redemption schedule
Redemption Period
Overhanging redemption penalty
redemption
Redemption price
Redemption statement
Extended redemption penalty
redemption fees
Serial redemption
Redemption
Redemption fee
redemption date
Redemption charge
Preferred equity redemption stock (PERC)
redemption price


 
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