(redirected from redeeming feature)
Also found in: Dictionary, Thesaurus, Legal, Idioms.


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.


(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 ?
FOR all his faults as a parent, Eli did have a redeeming feature.
Only redeeming feature is this dross raises cash for charity.
In truth the UN has been an ineffective and expensive talking shop - its ability to marshal humanitarian aid in times of ecological disaster has been about its only redeeming feature.
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.
Leading man Matthew McConaughey, pictured above, 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.
It was the only redeeming feature of a disappointing experience.
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.
The only redeeming feature was the attitude of the front-of-house staff who were helpful and courteous.
Paul Strang's bowling was the only redeeming feature of Zimbabwe's attack, the leg-spinner taking three for 32.
The one redeeming feature was the performance of Stuart Pearce's young defence.