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 classic literature ?
Yes, you may go; and your wages shall every cent of them be laid aside for your husband's redemption.
Nor is there to be seen at present one in whom she can place more hope than in your illustrious house,[*] with its valour and fortune, favoured by God and by the Church of which it is now the chief, and which could be made the head of this redemption.
For a minute or so I clung there to my battered flyer, now useless beyond redemption, my brain numbed by the frightful catastrophe that had befallen me.
doctrine of Redemption is the fundamental mystery of our holy
This having heart, straight I again revolved The Law and Prophets, searching what was writ Concerning the Messiah, to our scribes Known partly, and soon found of whom they spake I am--this chiefly, that my way must lie Through many a hard assay, even to the death, Ere I the promised kingdom can attain, Or work redemption for mankind, whose sins' Full weight must be transferred upon my head.
And lastly, were I a theologian, I would tell him that the scheme of the Divine Redemption, according to St.
In years and years not one of them has been in contact with a good woman, or within the influence, or redemption, which irresistibly radiates from such a creature.
Levin had, moreover, to transact in Kashin some extremely important business relating to the wardship of land and to the receiving of certain redemption money for his sister, who was abroad.
The spirit of the heroic Haldin had passed through these dens of black wretchedness with a promise of universal redemption from all the miseries that oppress mankind.
my very blood chills at the mention of its name; the place where so many of my comrades had been locked up, and from whence they went to the fatal tree; the place where my mother suffered so deeply, where I was brought into the world, and from whence I expected no redemption but by an infamous death: to conclude, the place that had so long expected me, and which with so much art and success I had so long avoided.
to purchase her redemption from endless misery, if she could.
For years--for years--I have loved you; hoping to win my way to fame, and then come proudly home and tell you it had been pursued only for you to share; thinking, in my daydreams, how I would remind you, in that happy moment, of the many silent tokens I had given of a boy's attachment, and claim your hand, as in redemption of some old mute contract that had been sealed between us