Redemption cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike 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).
Redemption penalty overhangRedemption penalty overhang
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.
The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.
Redemption dateRedemption date
The actual date on which repayment of a bond or loan stock takes place.
Redemption feesRedemption fees
Fees imposed by a mutual fund on shareholders who dispose of shares within a relatively short period after purchase.
Further Suggestionsright of redemption
Preferred equity redemption stock (PERC)
Extended redemption penalty
Right of redemption
gross redemption yield
Mandatory redemption schedule
Overhanging redemption penalty