Gross redemption yield
Gross redemption yieldSee 'redemption yield'.
This is the right of the mortgagor to recover mortgaged property on repayment of the loan and any interest due. This legally means that once you as the borrower have finished repaying the mortgage you took out, the property is yours and the lender has no further claim on it. If you pay of the mortgage ahead of schedule you may face a redemption penalty which compensates the lender for loss of interest.
Redemption feeRedemption fee
A fee some mutual funds charge when an investor sells shares within a specified short period of time.
Redemption penaltiesRedemption 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 cushionRedemption cushion
The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
Redemption priceRedemption price
The price at which a bond or preferred stock can be redeemed by the issuer.
Extended redemption penalty
Redemption penalty overhang
Right of redemption
Preferred equity redemption stock (PERC)
Mandatory redemption schedule
Overhanging redemption penalty
right of redemption