redemption rights

Right of Redemption

In foreclosure or repossession, the right of a borrower to receive back the stated property before it is re-sold (and sometimes after it is re-sold) in exchange for repaying the debt guaranteed by the property that was foreclosed or repossessed. The length of time one has the right of redemption varies, but it can be for up to one year.

redemption rights

See right of redemption.

References in periodicals archive ?
The affirmative defense would seek to prevent the foreclosure of the taxpayers redemption rights while one counterclaim would seek injunctive relief ordering the municipality to reconvey the taxpayers property, and the second would seek damages for the wrongful misappropriation of the property.
Additionally, NMM has agreed to relinquish its redemption rights relating to preferred stock it owns in ApolloMed.
Payment of proceeds of the commission-free sale of redemption rights is expected to be made to the relevant shareholders around 3 March 2017.
00, to a premium that better reflects current market conditions, the addition of certain redemption rights, the addition of certain provisions required under the US Trust Indenture Act, as well as other amendments that the Company may determine would be beneficial to the Company and the Debenture holders.
It also develops and manages its own or third party's customer loyalty program, as well as sells redemption rights of awards related to the loyalty program.
There will be no redemption rights with respect to the company's warrants.
Subject to market conditions and other factors, the interest rate, conversion rate, offering price, redemption rights and other terms will be determined by negotiations among the company and the initial purchasers of the notes.
The shares of Series B common stock and redemption rights will immediately be freely tradable as separate securities.
Moreover, creditors and bondholders could obtain early redemption rights of up to R500b as a result of the deal.
The Tax Court held that a corporation could deduct forbearance payments made to its shareholders in return for their promise not to exercise their stock redemption rights under the first two of several agreements.
The corporate charter provided for dividends on both series of the preferred stock as well as redemption rights to the preferred stockholders (the investors).
That is, they'll probably want a three- or four-year period, and in venture capital terms, that would typically be the time before redemption rights.