Redemption PeriodA time period during which a mortgage, landcontract, deed of trust, etc., can be redeemed. Usually set by statute, and after judicial foreclosure.
Redemption feeRedemption fee
A fee some mutual funds charge when an investor sells shares within a specified short period of time.
Overhanging redemption penaltyOverhanging redemption penalty
An 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.
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.
Redemption dateRedemption date
The actual date on which repayment of a bond or loan stock takes place.
Redemption chargeRedemption 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.
Further Suggestionsredemption fees
Extended redemption penalty
Mandatory redemption schedule
Preferred equity redemption stock (PERC)
right of redemption
gross redemption yield
Right of redemption