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Redemption Period |
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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 Period Similar MatchesRedemption cushionRedemption cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike price). Redemption dateRedemption dateThe actual date on which repayment of a bond or loan stock takes place. 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. Mandatory redemption scheduleMandatory redemption scheduleSchedule according to which bond sinking fund payments must be made. 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. Further Suggestionsredemption feesRedemption 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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