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 ?
Holy Redeemer Comprehensive BreastCare Surgeons include: Beth DuPree, MD, Stacy Krisher, MD, Catherine Carruthers, MD, and Amanda Woodworth, MD, renowned for their holistic approach to the diagnosis and treatment of breast cancer.
But this isn't what makes Most Holy Redeemer, or "MHR," as the locals call it, one of the nation's most distinctive parishes.
I would like to wish Christ the Redeemer Primary School well as it continues to provide a high quality education for the pupils of the area.
Vicenzo Gasbarro, M&C Saatchi Creative Partner , said: "Fastweb's latest 'download' - Christ the Redeemer - will bring about a carousel-style carioca of television crews, musicians, dancers and capoeira, which will mingle and interact with people in a mix of colours, music and emotions in unique Neapolitan fashion.
Martin McGuinness was on hand to see one of the modern wonders of the world in Rio de Janeiro light up when the Christ the Redeemer statue went green.
In previous years, Redeemer University College has organized internships in various development programs in Asamankese.
TWO PENNSYLVANIA hospitals have called off a proposed merger between Holy Redeemer Health System and Abington Health because of community concerns that the partnership would make reproductive healthcare services such as abortion care unavailable.
ISLAMABAD -- Minister In-charge for National Harmony and Chairman All Pakistan Minorities Alliance (APMA) Dr Paul Bhatti visited and appreciated Most Holy Redeemer Cathedral Church, which reflects memories of Sufism and interfaith harmony in its construction structure.
in 1999 by laymen at the same time as Redeemer Pacific College, also founded by laymen at the private Christian, Trinity Western University at Langley B.
However, with powerful Jewish groups dominating America 's politics and policies, and with Israel becoming a powerful country politically, economically and especially militarily, Jewish leaders, especially those believing in the imminent advent of the Jewish Messiah or Redeemer, no longer hide their dream of world domination.
She was Past President of the Akron, Ohio Dental Assistants chapter and American Dental Assistants Association, a Director on the Certifying Board of the ADAA for two terms, and a member of Redeemer United Methodist Church, where she sang in the choir for 30 years, worked with the Feed My Sheep Program, and with her husband, ran the North Hill Youth Center.
Coupon Redeemer allows merchants to validate Social Coupons such as Groupon and LivingSocial in real-time while optionally allowing the merchant to build a mobile marketing database.