Mandatory redemption schedule

 

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Mandatory redemption schedule

Schedule according to which bond sinking fund payments must be made.



Mandatory redemption schedule

Similar Matches

Redemption

Redemption

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


Extended redemption penalty

Extended 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.


Redemption date

Redemption date

The date on which a bond matures or is redeemed.


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.


Right of redemption

Right of redemption

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


Further Suggestions

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


 
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