redeem

(redirected from redeemer)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

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.

redeem

(1) In mortgages, to cure a default by paying all past-due sums and penalties after receiving notice of default, but before acceleration. (2) To exercise the post-foreclosure right of redemption, if allowed. (3) Under federal law, the IRS has 120 days after foreclosure to purchase property on which it had a lien—to redeem the property. (It rarely does this,and would only do so if it believed it could sell the property at a profit large enough to justify the time and trouble.)

References in periodicals archive ?
The small church lower down the base of Christ the Redeemer is a must visit.
Most Holy Redeemer Parish has earned a reputation locally--and beyond --for being a distinctly open and accepting parish.
ladbrokes spokesman Ciaran o'Brien said: "Betdaq ran this as a tongue-in-cheek ad focusing on Christ the Redeemer as synonymous with Rio and the World Cup.
I would like to wish Christ the Redeemer Primary School well as it continues to provide a high quality education for the pupils of the area.
The statue of Christ the Redeemer with open arms, originally a symbol of peace, was erected on the seven-floor hotel in the center of the city, while owned by Bulgarian rapper and pimp Ivan Glavchev aka Vanko 1, in line with the lavish kitsch and garishness of the nouveau riche lifestyle.
Summary: Christ the Redeemer and the Sydney Opera House have been illuminated with green lights for St Patrick's Day.
We've got some new ones as well - the famous statue of Christ the Redeemer in Rio de Janeiro is going green, along with the ancient wonders of the world, the pyramids of Egypt, which went green on Friday night and looked absolutely wonderful.
GRADUATES OF REDEEMER University College can spend a year working in Ghana through a new partnership agreement between the school and the Presbyterian Church in Canada.
TWO PENNSYLVANIA hospitals have called off a proposed merger between Holy Redeemer Health System and Abington Health because of community concerns that the partnership would make reproductive healthcare services such as abortion care unavailable.
ISLAMABAD -- Minister In-charge for National Harmony and Chairman All Pakistan Minorities Alliance (APMA) Dr Paul Bhatti visited and appreciated Most Holy Redeemer Cathedral Church, which reflects memories of Sufism and interfaith harmony in its construction structure.
in 1999 by laymen at the same time as Redeemer Pacific College, also founded by laymen at the private Christian, Trinity Western University at Langley B.
However, with powerful Jewish groups dominating America 's politics and policies, and with Israel becoming a powerful country politically, economically and especially militarily, Jewish leaders, especially those believing in the imminent advent of the Jewish Messiah or Redeemer, no longer hide their dream of world domination.