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 date

Redemption date

The actual date on which repayment of a bond or loan stock takes place.


Redemption cushion

Redemption cushion

The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).


Redemption

Redemption

The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.


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.


Further Suggestions

Mandatory redemption schedule
redemption yield
Redemption Period
Right of redemption
Redemption penalty overhang
redemption price
gross redemption yield
Redemption charge
Overhanging redemption penalty
right of redemption
Redemption date
redemption fees
Redemption
Redemption price
Extended redemption penalty
redemption
Redemption fee
Redemption penalties
Redemption


 
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