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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 chargeRedemption chargeThe 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. RedemptionRedemptionThe process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale. RedemptionRedemptionThe re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity. Redemption priceRedemption priceThe price at which a bond or preferred stock can be redeemed by the issuer. 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 penalty overhangredemption date Redemption cushion gross redemption yield Overhanging redemption penalty Redemption date Preferred equity redemption stock (PERC) Redemption fee Redemption Mandatory redemption schedule right of redemption redemption fees Serial redemption Extended redemption penalty Right of redemption Redemption price redemption yield Redemption penalties Redemption statement |
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