redeem


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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 ?
Tours and Experiences -- Earn up to 10 points per dollar spent when booking tours and experiences online through WyndhamRewards.com with Viator and redeem points for tours and experiences starting at around 1,500 points.
A nation of points hoarders: Nearly three-fourths (74%) of airline loyalty program members prefer to save their points/miles to redeem larger rewards, while 13% prefer to redeem their points for quick discounts.
Whether members are looking to get the most value for their miles or select the exact travel dates they want, the three award types will make it easier for members to redeem their preferred tickets.
By virtue of a general power of attorney executed by Isko's wife, Mari, in favor of her mother, Glori, the latter redeemed the property from the purchaser.
Privilege Club members in Qatar will be able to shop and redeem their Qmiles on products ranging from luxury watches and jewellery to electronics and gadgets, fashion apparel and accessories, fragrances, toys and much more." All members can redeem their Qmiles by visiting Oryx Galleria and choosing from the vast selection of products or services.
Terms & Conditions: Voucher can be redeemed up to and including September 22nd 2013.
They can also redeem points in exchange for vouchers from restaurants, clothing stores, bookshops, gift shops, movie theaters, gas stations, furniture and household appliance shops, and other lifestyle outlets, the statement said.
Alternatively call 01492 574347 for details on how to redeem the offer.
The firm segmented survey respondents into three groups: heavy (redeem about once a month), medium (redeem every few to every six months) and light (redeem once a year).
Mintel Comperemedia segmented survey respondents into three groups: heavy (redeem about once a month), medium (redeem every few to every six months) and light (redeem once a year) redeemers.
The Zurich RegCaPS Funding Trust II, Zurich RegCaPS Funding Trust-V and Zurich RegCaPS Funding Trust-VI will redeem early USD150m of Trust Capital Securities II, USD200m of Trust Capital Securities-V and USD225m of Trust Capital Securities-VI.
Vouchers can only be redeemed in participating outlets in England (visit www.carlsberg.co.uk/freepint for details).