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 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.
The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.
The re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.
Redemption priceRedemption price
The price at which a bond or preferred stock can be redeemed by the issuer.
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 penalty overhang
gross redemption yield
Overhanging redemption penalty
Preferred equity redemption stock (PERC)
Mandatory redemption schedule
right of redemption
Extended redemption penalty
Right of redemption