Redemption

 

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Redemption

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

Redemption

This is the right of the mortgagor to recover mortgaged property on repayment of the loan and any interest due. This legally means that once you as the borrower have finished repaying the mortgage you took out, the property is yours and the lender has no further claim on it. If you pay of the mortgage ahead of schedule you may face a redemption penalty which compensates the lender for loss of interest.

Redemption

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

Redemption

Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.



Redemption

Similar Matches

Redemption Period

Redemption 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 price

Redemption price

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


Serial redemption

Serial redemption

The redemption of a serial bond.


Right of redemption

Right of redemption

The right to recover property that has been attached by paying off the debt .


Extended redemption penalty

Extended redemption penalty

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.


Further Suggestions

redemption date
Redemption price
Mandatory redemption schedule
right of redemption
Redemption date
redemption fees
gross redemption yield
Preferred equity redemption stock (PERC)
Overhanging redemption penalty
Redemption charge
Redemption fee
redemption yield
Redemption penalties
Redemption cushion
Redemption penalty overhang
Redemption statement


 
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