In finance, redemption describes the repayment of a fixed-income security—such as a Treasury note, certificate of deposit, or bond—on or before its maturity date.
Redemption is the buying back of something. You might try for redemption by attempting to buy back a bike you sold, or you might attempt to buy back your soul after you steal someone else's bike.
Employee Redemption Agreements means redemption agreements, in a form acceptable to the Buyer, between the Company and each Redeemed Employee, each of which shall include a general release of Claims by such Redeemed Employee in favor of the Company and Buyer.
What does Redemption mean? The repayment by the borrower of outstanding loan obligations upon the agreed terms with the effect of extinguishing the debt.
Redemption is a period after your home has already been sold at a foreclosure sale when you can still reclaim your home. You will need to pay the outstanding mortgage balance and all costs incurred during the foreclosure process. Many states have some type of redemption period.
You may be charged a mortgage redemption fee if you're paying off your mortgage before the date you previously agreed with your lender. This redemption fee is different from early repayment charges (ERC), which you pay if you had agreed to stay on a mortgage deal for a tie-in period and then decide to leave early.
Redemption is the process of making a monetary withdrawal from a mutual fund, at the net asset value prevailing on that day. All that is needed is for the investor to fill out a form to request the withdrawal. It is a very simple process.
Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date. A bond is purchased "at a discount" if its redemption value exceeds its purchase price. It is purchased "at a premium" if its purchase price exceeds its redemption value.
If the borrower's state allows the right of redemption to be exercised after such a sale, the borrower could potentially take back ownership. The borrower would pay back the foreclosure sale price plus additional fees, which might be lower than the debt owed on the mortgage.
The redemption value is stated as a percentage of face value. For example, a $1000 bond redeemable at 105 is redeemed at 105% of $1000 = $1050. Bonds can be freely bought and sold.
In Christian theology, redemption is a metaphor for what is achieved through the atonement; therefore, there is a metaphorical sense in which the death of Jesus pays the price of a ransom, releasing Christians from bondage to sin and death.
noun. an act of redeeming or atoning for a fault or mistake, or the state of being redeemed. deliverance; rescue.
In General. There are two types of redemption: Equitable redemption and Statutory redemption.
After a property is sold at a sheriff's sale (foreclosure sale), there is a period of time referred to as the “redemption period” during which you still have some rights. For most properties it is a six month period.
Two different sorts of redemption exist: Right of redemption for equity. Legally mandated right of redemption.
A redemption fee is charged on all shares sold. Funds impose redemption fees to deter market-timers and avoid passing transaction costs on to remaining shareholders.
Repurchases and Redemptions
Share repurchases are a popular method for returning cash to shareholders and are strictly voluntary on the part of the shareholder. Redemptions are when a company requires shareholders to sell a portion of their shares back to the company.
A redemption agreement sometimes called a stock redemption agreement, is a legally binding agreement between shareholders of a company. It allows parties to specify the terms in which they may buy, sell, or transfer shares of a company. These agreements may include partners, shareholders, or LLC members.
Withdrawal is the process of liquidating your investments. In mutual funds, this process is called redemption. When you withdraw money from a mutual fund scheme, you essentially redeem the units. You sell the units that you own and realise their value at the applicable Net Asset Value (NAV).
Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, ...
By dying on the cross, being buried, and rising again—all according to the Scripture (1 Cor. 15:3-4)—Christ paid for our redemption.
Credit Redemption means that the activity associated with a pre-defined allocation of credits has been completed, the customer has approved the completion of the task, and the allocated credits have been deducted from the customer Choice Program Credit balance.