RedemptionThe process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.
RedemptionThis 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.
RedemptionThe re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.
RedemptionRepayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium 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 priceRedemption price
The price at which a bond or preferred stock can be redeemed by the issuer.
Serial redemptionSerial redemption
The redemption of a serial bond.
Right of redemptionRight of redemption
The right to recover property that has been attached by paying off the debt .
Extended redemption penaltyExtended 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 Suggestionsredemption date
Mandatory redemption schedule
right of redemption
gross redemption yield
Preferred equity redemption stock (PERC)
Overhanging redemption penalty
Redemption penalty overhang