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 ?
Tony Blair branded Gordon Brown "mad, bad, dangerous and beyond redemption" as their long-standing leadership feud reached boiling point, according to Peter Mandelson.
Edwards said: "I saw Beyond Redemption on his first start when he was an unlucky faller.
"Such is the nature of this ongoing battle that pessimists can argue that Iran's sociopolitical system is authoritarian to the core and is beyond redemption," he writes, "while optimists can argue that the conservative-reformist struggle is the dynamic of Islamic democracy that Iran's leaders are attempting to create as a working model for the rest of the Muslim world--the first attempt of the kind."
"It is the fashion among dillettants and fops (perhaps I myself am not guiltless,) to decry the whole formulation of the active politics of America, as beyond redemption, and to be carefully kept away from.
Where Jeff Koons's Rabbit, 1986, is glamorous and erotic despite its kitsch origins, Kelley's mice look used and abused, utterly beyond redemption.
But he is beyond redemption. He has caused damage that will take years to undo: damage to the environment, damage to the fiscal security of the nation, damage to America's standing in the world.
Whether or not they still call themselves Catholic, these men feel a different cultural pull, one that says no person, however evil his deeds, is beyond redemption. The appalling Geoghan should have spent the time he had left in penance and meditation--seeking whatever shot he had at redemption--not in fear for his life.
And if you don't feel like a million dollars after it, you are beyond redemption.
Most evildoers are beyond redemption. They are certainly beyond persuasion.
Lee Bowyer is a thug who is beyond redemption. It's too much to ask that clubs should ignore him when he is out of contract at the end of the season.
No human being or nation, no matter how dehumanized, may be said to be beyond redemption.
It stood as the prototypical failure of SRO housing - a place without hope and beyond redemption. The Kenmore is now being completely renovated by HSI.