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

Redemption

The re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.


Redemption date

Redemption date

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


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 cushion

Redemption cushion

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


Further Suggestions

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


 
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