Redemption statement


 

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Redemption statement

The outstanding amount to be repaid on an existing mortgage. Redundancy insurance Another form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU).



Redemption statement

Similar Matches

Serial redemption

Serial redemption

The redemption of a serial bond.


Redemption penalty overhang

Redemption penalty overhang

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.


Redemption fee

Redemption fee

A fee some mutual funds charge when an investor sells shares within a specified short period of time.


Right of redemption

Right of redemption

The right to recover property that has been attached by paying off the debt .


Gross redemption yield

Gross redemption yield

See 'redemption yield'.


Further Suggestions

Preferred equity redemption stock (PERC)
redemption price
redemption date
redemption yield
Redemption
Overhanging redemption penalty
Redemption charge
Redemption cushion
Redemption price
Redemption
redemption fees
Redemption Period
redemption
Mandatory redemption schedule
right of redemption
Redemption penalties
Extended redemption penalty
Redemption
Redemption date


 
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