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Redemption |
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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 Similar MatchesRedemption PeriodRedemption PeriodA time period during which a mortgage, landcontract, deed of trust, etc., can be redeemed. Usually set by statute, and after judicial foreclosure. Redemption priceRedemption priceThe price at which a bond or preferred stock can be redeemed by the issuer. Serial redemptionSerial redemptionThe redemption of a serial bond. Right of redemptionRight of redemptionThe right to recover property that has been attached by paying off the debt . Extended redemption penaltyExtended redemption penaltyThis 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 dateRedemption 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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