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 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.
Overhanging redemption penaltyOverhanging 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 redemptionSerial redemption
The redemption of a serial bond.
Redemption dateRedemption date
The date on which a bond matures or is redeemed.
Redemption priceRedemption price
The price at which a bond or preferred stock can be redeemed by the issuer.
Further SuggestionsPreferred equity redemption stock (PERC)
Right of redemption
Mandatory redemption schedule
right of redemption
Redemption penalty overhang
Extended redemption penalty
gross redemption yield