Redemption statementThe 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 cushionRedemption cushion
The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
Redemption PeriodRedemption Period
A 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.
Redemption priceRedemption price
The price at which a bond or preferred stock can be redeemed by the issuer.
Gross redemption yieldGross redemption yield
See 'redemption yield'.
Further SuggestionsRedemption price
Redemption penalty overhang
Right of redemption
right of redemption
Mandatory redemption schedule
Extended redemption penalty
Preferred equity redemption stock (PERC)
Overhanging redemption penalty