Definition of Redemption:
The action of saving or being saved from sin, error, or evil.
Pollution control: Return of secondary or waste material (such as bottles, containers, or laser printer cartridges) to the original supplier or manufacturer for a rebate.
Marketing: Making use of a sales promotion offer such as coupons, discounts, labels, etc., by the consumers for gifts or rewards.
Mortgage: Right of a mortgagor to recover mortgaged property on repayment of the full due amount resulting in a complete annulment of the lenders claim on the property. See also right of redemption.
Finance: Repayment of bonds or other debt securities on or before their maturity date. An issuer-compelled redemption is known as call..
The action of regaining or gaining possession of something in exchange for payment, or clearing a debt.
The term redemption has different uses in the finance and business world, depending on the context. In finance, redemption describes the repayment of any money market fixed-income security at or before the asset's maturity date. Investors can make redemptions by selling part or all of their investments such as shares, bonds, or mutual funds. In business and marketing, however, consumers often redeem coupons and gift cards for products and services.
People who invest in fixed-income securities receive regular interest payments at a fixed value. These instruments can be redeemed before or on the maturity date. If redeemed at the time of maturity, an investor receives the par value or the face value of the security.
Mutual funds: Return of the current market value (less fees and charges) of an investors shares (units), usually within seven days of receiving a request for redemption from the investor.
Synonyms of Redemption
Saving, Freeing from sin, Saving from sin, Vindication, Absolution, Absolution, Adoption, Amendment, Amends, Amnesty, Atonement, Change of allegiance, Change of heart, Change of mind, Circumcision, Compensation, Composition, Compromise, Conversion, Deliverance, Delivery, Exculpation, Excuse, Exemption, Exoneration, Expiation, Expiatory offering, Extrication, Freeing, Grace, Immunity, Improvement, Indemnification, Indemnity, Liberation, Lifesaving, Making amends, Making good, Making right, Making up, New birth, New life, Pardon, Peace offering, Piaculum, Propitiation, Quittance, Ransom, Rebirth, Recapture, Reclaiming, Reclamation, Recompense, Recoup, Recoupment, Recovery, Recrudescence, Recuperation, Redeemedness, Redress, Reform, Reformation, Regainment, Regeneration, Release, Remission, Remission of sin, Renascence, Renewal, Reoccupation, Reparation, Replevin, Replevy, Repossession, Reprieve, Rescue, Restitution, Restoration, Resumption, Retake, Retaking, Retrieval, Retrieve, Revindication, Revival, Salvage, Salvation, Satisfaction, Saving, Second birth, Shrift, Sparing, Spiritual purification, Squaring, Trover, Retrieval, Recovery, Reclamation, Repossession, Recoupment, Return, Rescue
How to use Redemption in a sentence?
- Redemptions may trigger capital gains or losses.
- In finance, redemption describes the repayment of a fixed-income security such as a preferred stock or bond on or before its maturity date. .
- Mutual fund investors can request redemptions for all or part of their shares.
- Although Sheila had given up hope, Xavier finished the task he had failed to do the day before thus earning himself redemption .
- Gods plans for the redemption of his world.
- Marcia was annoyed that the store wouldnt allow redemption of the coupon she had saved, but she ultimately blamed herself for failing to notice the expiration date.
- After she made a huge mistake with all the client files she tried to seek redemption for herself by staying late and arriving early every day for a month.
- The peasants found the terms of redemption unattractive.
Meaning of Redemption & Redemption Definition