redeem

(redirected from redeemed)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia.

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 ?
301(c)(2), basis reduction should be limited to the basis of the redeemed shares or whether it is appropriate to reduce the basis of both the retained and redeemed shares before applying Sec.
Under the proposed regulations, A would have a realized loss equal to the disappearing basis in the shares redeemed, but would not be able to recognize it until the earlier of the "final inclusion date" or the "accelerated loss inclusion date.
A assigned his purchase right to the corporation, which redeemed the estate's stock.
302-5, if an amount received in a stock redemption is treated as a dividend distribution, an amount equal to the redeemed stock's basis (after adjusting for certain provisions, including Sec.
gt; > > > Total Shares Total Amount Redemption Series > > Cusip # > > Redeemed Redeemed Date W > > 670987403 > > 47 $1,175,000 June 25, 2009 TH > > 670987205 > > 160 $4,000,000 June 26, 2009 F > > 670987304 > > 160 $4,000,000 June 29, 2009
gt; > > > Total Shares Total Amount Redemption Series > > Cusip # > > Redeemed Redeemed Date T > > 67101N403 > > 14 $350,000 June 3, 2009 W > > 67101N304 > > 33 $825,000 June 4, 2009 TH > > 67101N205 > > 36 $900,000 June 5, 2009
In addition, under the stock-pledge agreement, the redeemed X stock is pledged to A as security for his installment note.
302-2(c), which illustrates a proper adjustment when the entire amount received in redemption of the stock held by one spouse is treated as a dividend (because the redeemed spouse is treated as owning stock held by the other spouse).
1,624 shares of series B ARPS redeemed on March 12, 2009;
The partnership provisions that permit a redeemed charity to contest the value assigned to its interest do not control those relating to the reallocation of partnership interests, which apply only to partners.
Alternatively, holders may have their Preferred Securities that have been called for redemption, redeemed on February 28, 2007.