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Mandatory redemption schedule |
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Mandatory redemption scheduleSchedule according to which bond sinking fund payments must be made.Mandatory redemption schedule Similar MatchesOverhanging redemption penaltyOverhanging redemption penaltyAn early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty. These should be avoided where possible. Redemption chargeRedemption chargeThe commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods. Extended redemption penaltyExtended redemption penaltyThis 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. RedemptionRedemptionThe re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity. Gross redemption yieldGross redemption yieldSee 'redemption yield'. Further SuggestionsRedemptionredemption yield Preferred equity redemption stock (PERC) Redemption fee Redemption cushion Redemption Period redemption price Redemption statement Redemption Redemption penalty overhang Serial redemption Redemption Redemption date Redemption price Redemption penalties right of redemption redemption fees redemption date Right of redemption |
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