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

Redemption charge

Redemption 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.


Overhanging redemption penalty

Overhanging redemption penalty

An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty. These should be avoided where possible. 


Serial redemption

Serial redemption

The redemption of a serial bond.


Redemption date

Redemption date

The date on which a bond matures or is redeemed.


Redemption price

Redemption price

The price at which a bond or preferred stock can be redeemed by the issuer.


Further Suggestions

Preferred equity redemption stock (PERC)
Redemption price
Right of redemption
Mandatory redemption schedule
right of redemption
Redemption
redemption yield
redemption date
Redemption fee
Redemption penalty overhang
redemption
Redemption Period
Redemption cushion
redemption fees
Redemption
Redemption
Extended redemption penalty
Redemption penalties
gross redemption yield


 
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