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

Serial redemption

Serial redemption

The redemption of a serial bond.


Preferred equity redemption stock (PERC)

Preferred equity redemption stock (PERC)

Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives.


Redemption fee

Redemption fee

A fee some mutual funds charge when an investor sells shares within a specified short period of time.


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.


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 statement
Redemption date
Redemption Period
Mandatory redemption schedule
redemption price
right of redemption
Redemption penalties
Redemption cushion
gross redemption yield
Redemption price
redemption yield
Overhanging redemption penalty
redemption fees
redemption date
Redemption charge
Right of redemption


 
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