Gross redemption yield
Gross redemption yieldSee 'redemption yield'.
Redemption priceRedemption price
See: Call price
Redemption statementRedemption 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).
Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.
Mandatory redemption scheduleMandatory redemption schedule
Schedule according to which bond sinking fund payments must be made.
Extended redemption penaltyExtended 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.
Further SuggestionsRedemption cushion
Right of redemption
Preferred equity redemption stock (PERC)
right of redemption
Redemption penalty overhang
Overhanging redemption penalty