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Gross redemption yield |
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Gross redemption yieldSee 'redemption yield'.Similar MatchesRedemptionRedemptionThis 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 feeA fee some mutual funds charge when an investor sells shares within a specified short period of time. Redemption penaltiesRedemption penaltiesCharges 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 cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike price). Redemption priceRedemption priceThe price at which a bond or preferred stock can be redeemed by the issuer. Further SuggestionsRedemptionRedemption statement Extended redemption penalty Redemption Redemption price Redemption penalty overhang Redemption Period Right of redemption Preferred equity redemption stock (PERC) redemption date Mandatory redemption schedule redemption fees redemption Serial redemption Redemption date Redemption charge Overhanging redemption penalty right of redemption redemption yield |
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