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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.)

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Leading man Matthew McConaughey wastes no time in losing his shirt to flaunt his one redeeming feature, but his constant smug grin in the face of almost certain death soon grates.
The only redeeming feature was the attitude of the front-of-house staff who were helpful and courteous.
While Albion's redeeming feature is their away record, home fans want far better than this.
"Fourteen terrible little faces we never beheld.-There was not one redeeming feature among them-not a glance of honesty-not a wink expressive of anything but the gallows and the hulks, in the whole collection."
He added that "one redeeming feature" was they were all adults.
Dontworry there''s another redeeming feature You can help aid the centre to feed and nurse It relies on people's kindness (Nudge, wink, with your purse!) by Bill Backshall, Lydiate
Only redeeming feature is this dross raises cash for charity.
Dr Beckford said: "The only redeeming feature of my trip was that I managed to find another black Robert Beckford who was involved in the 1831 uprising against colonialism in Jamaica.
The one redeeming feature is a stunning star debut by Clooney.
The redeeming feature is the reflection of the Port of Liverpool building on the face of these apartments.
The redeeming feature, it must be said, is that Verdi's tragic Rigoletto was in there as well as Britten's Peter Grimes, which has played to consistently rave reviews ever since it was first seen in Leeds.
The exterior was a vile combination of pink and gaudy gold, with the only redeeming feature being the regulation glass for the windows.