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Redemption fees |
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Redemption feesFees imposed by a mutual fund on shareholders who dispose of shares within a relatively short period after purchase.Similar MatchesRedemptionRedemptionThe process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale. 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. RedemptionRedemptionThis is the right of the mortgagor to recover mortgaged property on repayment of the loan and any interest due. This legally means that once you as the borrower have finished repaying the mortgage you took out, the property is yours and the lender has no further claim on it. If you pay of the mortgage ahead of schedule you may face a redemption penalty which compensates the lender for loss of interest. Overhanging 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. 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. Further SuggestionsRedemption penaltiesright of redemption Redemption charge gross redemption yield Redemption penalty overhang Redemption Period Redemption Redemption cushion Serial redemption Mandatory redemption schedule Redemption date Redemption fee redemption price Redemption price Right of redemption redemption yield redemption date redemption Redemption statement |
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