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Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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


The retirement of a security by repurchase. Although generally used in reference to the repurchase of a bond before maturity, the term also applies to stock and mutual fund shares. See also partial redemption.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


When a fixed-income investment matures, and you get your investment amount back, the repayment is known as redemption.

Bonds are usually redeemed at par, or face value, traditionally $1,000 per bond. However, if a bond issuer calls the bond, or pays it off before maturity, you may be paid a premium, or a certain dollar amount over par, to compensate you for lost interest.

You can redeem, or liquidate, open-end mutual fund shares at any time. The fund buys them back at their net asset value (NAV), which is the dollar value of one share in the fund.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
For Bonhoeffer, the call of the Christian was a call to faithfulness rather than a call to be safe or "right." That means that one must be able to trust God's ability to act redemptively, even though our human efforts will always be flawed.
It could go further than this: Christ took on the attributes of human beings in order to suffer redemptively. The difficulty we have in recognizing Kitaj in the shown woman is matched by the standing artistic problem in the West of representing Christ as a divine being in human form.
As is the case with Dickey's animals in many of his poems, such as "Approaching Prayer," "Eagles," "Reincarnation I and II," and "The Sheep Child," the snake now functions redemptively by assuming the role of what is a shamanic commonplace in anthropological literature, namely, a power animal.
In this needful state of mind, "dazzled" by the juxtaposition of the "green-glooming twilight" of his protective shade with the "living fire of emeralds" beyond, Pelleas is "Suddenly waken'd" to the sight he so desires redemptively to see:
Reference began to be made to particular sections in the 1966 World Mission policy that called for mutual respect between Christian and non-Christian religions and acknowledged that "God is creatively and redemptively at work in the religious life of all mankind." (74) This policy had passed with ease in 1966, without general council understanding its radical implications for evangelism.
In fact, in his early commentary on Romans, Barth held together his concern to keep God central with an awareness that God is redemptively for the world, as indicated by the following: The Gospel speaks of God as He is: it is concerned with God Himself and with God only.
To the extent that this encyclical, and Christian theology in general, move toward transformative social engagement as necessary to Christian identity and the theological virtues, they imply and require a theology of the incarnate and risen Christ as redemptively present to social and political relationships and structures.
If the Cathedral of Suffering could be located in the small lake outside Calvin Seminary in Grand Rapids, or maybe there is a quiet spot near Professor Jacobs' Trinity International University in Illinois, I'd wager it would affect redemptively for generations the temper of the biblical, theological, and religious studies programs carried on nearby--and might even become a well-known pilgrimage place.
It may be more accurate to say, for instance, that LeRon Shults relies on trinitarian and eschatological conceptuality as a means for marking out conditions for relating redemptively to the biblical God, i.e., as an expression of the gospel, rather than as "radical metaphysics" that risk Christian theology's interdisciplinary character (p.
That is, in hospitality, the center of gravity lies in neither the host nor the guest but in the God of both, who is discovered redemptively in the meeting.
Selden, however, cannot act redemptively within his culture because he cannot see apart from the cultural forces that form his being: "He saw that all the conditions of life had conspired to keep them apart; since his very detachment from the external influences which swayed her had increased his spiritual fastidiousness, and made it more difficult for him to live and love uncritically" (255).
He failed, says Parratt, "to make allowance for the fact that throughout its history Christianity has had to come to terms with the cultures in which it has been implanted." (15) Bediako offers the most developed critique, arguing that Kato's insistence on the exclusive role of the Bible as a revelation of salvation, coupled with his negative appraisal of African traditional religion, blinded him to the possibility that God may be working redemptively among those who have, or had, no access to the Bible.