Redemption penalty overhang

 

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Redemption 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.



Redemption penalty overhang

Similar Matches

Redemption Period

Redemption Period

A time period during which a mortgage, landcontract, deed of trust, etc., can be redeemed. Usually set by statute, and after judicial foreclosure.


Serial redemption

Serial redemption

The redemption of a serial bond.


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 charge

Redemption charge

The commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods.


Right of redemption

Right of redemption

The right to recover property that has been attached by paying off the debt .


Further Suggestions

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Overhanging redemption penalty
Redemption
Redemption penalties
redemption price
Redemption
Redemption price
redemption date
Redemption date
redemption fees
Redemption
Mandatory redemption schedule
Redemption statement
gross redemption yield
Extended redemption penalty
right of redemption
Redemption cushion
Redemption fee


 
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