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Redemption cushion |
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Redemption cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).Redemption cushion Similar MatchesRedemption dateRedemption dateThe actual date on which repayment of a bond or loan stock takes place. Preferred equity redemption stock (PERC)Preferred equity redemption stock (PERC)Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives. Redemption dateRedemption dateThe date on which a bond matures or is redeemed. Redemption priceRedemption priceSee: Call price 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. Further SuggestionsSerial redemptionRedemption Period Redemption charge Redemption fee redemption price Redemption right of redemption Extended redemption penalty Mandatory redemption schedule redemption yield redemption fees Redemption penalty overhang Right of redemption gross redemption yield Redemption statement redemption Redemption Redemption Overhanging redemption penalty |
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