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 proposed extension will not result in any changes to shareholder redemption rights and is subject to shareholder approval.
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).
PMCC's application for an injunction restraining ICMI from making further redemption rights payments and from granting any security interest over the Pachapaqui mine is pending.
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.
Exchanging the zero bonds now addresses future uncertainty surrounding the company if the debenture holders were to exercise their redemption rights in 2003.
4m for adjustments related to conversion and redemption rights on preferred stock sold in the period.
Each shareholder is to receive one (1) redemption right per share held (regardless of series of share) and three (3) redemption rights entitle the shareholder to request redemption of one (1) share (regardless of series of share) in the Company.
In addition, the loans in the securitized pools are subject to certain redemption rights beginning in late 2015 and the value of the residuals may be diminished or wiped out if the servicer of the loans or Origen do not or cannot exercise the redemption rights.
Therefore, although all the investors wanted to redeem their Media Space shares on September 30, they entered into an agreement with the company to forgo exercising their redemption rights for one year.
The Company's Late Filing and Restatements Are Primarily Due to Accounting Classification and Measurement of Redemption Rights of the Holders of the Distributor's Class W Units