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 cushionRedemption cushion
The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
Redemption dateRedemption date
The actual date on which repayment of a bond or loan stock takes place.
Extended redemption penaltyExtended 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 scheduleMandatory redemption schedule
Schedule according to which bond sinking fund payments must be made.
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 Suggestionsredemption fees
Preferred equity redemption stock (PERC)
gross redemption yield
Right of redemption
right of redemption
Overhanging redemption penalty
Redemption penalty overhang