Redemption priceThe price at which a bond or preferred stock can be redeemed by the issuer.
Redemption priceSee: Call price
Preferred equity redemption stock (PERC)Preferred equity redemption stock (PERC)
Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives.
The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.
Gross redemption yieldGross redemption yield
See 'redemption yield'.
Redemption dateRedemption date
The date on which a bond matures or is redeemed.
Redemption penaltiesRedemption penalties
Charges paid to the lender in compensation for lost interest if you redeem your mortgage ahead of schedule. During a discount period you will be severely penalised if you try to switch to another product or mortgage provider. Penalties can be stepped just like discounts, and can be particularly severe within the first year. This is to ensure that the costs that the lender endures in setting up the mortgage are always covered. Penalties can be a fixed sum of money, though are often proportion of the loan. With cashback mortgages, you often have to repay the amount of money you received as cashback.
Further SuggestionsRight of redemption
Extended redemption penalty
Redemption penalty overhang
right of redemption
Mandatory redemption schedule
Overhanging redemption penalty