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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 MatchesRedemptionRedemptionThe process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale. 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. Redemption dateRedemption dateThe date on which a bond matures or is redeemed. 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. Right of redemptionRight of redemptionThe right to recover property forfeited by foreclosure by paying the outstanding principal owed plus interest. Further SuggestionsSerial redemptionredemption 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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