Redemption

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Redemption

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

Redemption

1. In bonds, the act of an issuer repurchasing a bond at or before maturity. Redemption is made at the face value of the bond unless it occurs before maturity, in which case the bond is bought back at a premium to compensate for lost interest. The issuer has the right to redeem the bond at any time, although the earlier the redemption take place, the higher the premium usually is. This provides an incentive for companies to do this as rarely as possible.

2. The act of the issuing company repurchasing stocks or mutual funds. In the case of mutual funds, the repurchase is made at net asset value per share. Stocks may be redeemed in cash or by proration. See also: Proratable factor.

redemption

The retirement of a security by repurchase. Although generally used in reference to the repurchase of a bond before maturity, the term also applies to stock and mutual fund shares. See also partial redemption.

Redemption.

When a fixed-income investment matures, and you get your investment amount back, the repayment is known as redemption.

Bonds are usually redeemed at par, or face value, traditionally $1,000 per bond. However, if a bond issuer calls the bond, or pays it off before maturity, you may be paid a premium, or a certain dollar amount over par, to compensate you for lost interest.

You can redeem, or liquidate, open-end mutual fund shares at any time. The fund buys them back at their net asset value (NAV), which is the dollar value of one share in the fund.

References in periodicals archive ?
The child play has proved that the politicians have failed to resolve their differences due to egoism that had skewed up, apparently, beyond redemption.
We had the best airfield in the region at one time; how much longer are the current owners going to be allowed to squander that asset until it is damaged beyond redemption and closed for good?
Robert De Niro in Martin Scorsese's 'BadFellas' gangster epic, a creepily detailed study of the American Dream, curdled beyond redemption in Sin City.
It is all too easy to write-off young offenders as worthless individuals who are beyond redemption.
Very few people are completely evil and beyond redemption - they are not serving Satan because they can't quote from the Bible from memory.
We should wake up to the fact that monsters like Brady and Venables are beyond redemption or rehabilitation.
The challenge is for the elected politicians to reward this trust by taking responsibility for a project riddled with flaws but not yet beyond redemption.
The Lord Jesus, with His divine insight, is dedicated to transforming lives that seem beyond redemption and usefulness.
They seek out Nobel Prize-winning scientist Professor Barnhardt (Cleese), who tries to persuade Klaatu that mankind is not yet beyond redemption.
They eventually seek out Nobel prize-winning scientist Professor Barnhardt (John Cleese), who tries to persuade Klaatu that mankind is not yet beyond redemption.
They eventually seek out Nobel prize-winning scientist Professor Barnhardt (Cleese), who tries to persuade Klaatu that mankind is not yet beyond redemption.
Save what you can and compost what is beyond redemption, putting a bit of optimism into your outlook by buying spring-9owering bulbs and, if you want late colour, popping into the garden centre to find some.