Redemption Period

 

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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.



Redemption Period

Similar Matches

Redemption cushion

Redemption cushion

The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).


Redemption date

Redemption date

The actual date on which repayment of a bond or loan stock takes place.


Extended redemption penalty

Extended redemption penalty

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.


Mandatory redemption schedule

Mandatory redemption schedule

Schedule according to which bond sinking fund payments must be made.


Redemption

Redemption

This 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.


Further Suggestions

redemption fees
Redemption price
Preferred equity redemption stock (PERC)
gross redemption yield
Redemption charge
Right of redemption
Serial redemption
Redemption date
right of redemption
Redemption penalties
redemption price
redemption yield
Overhanging redemption penalty
Redemption penalty overhang
Redemption statement
redemption
Redemption fee
Redemption
Redemption


 
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