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redemption

redemption

3 6.0
Paying back the original money you borrowed on a loan or bond
  • noun
  • /rɪˈdɛmpʃən/
  • Formal
translation icon : reembolso
  • Merit loaned BioSphere $10 million to fund this redemption.

And the fund had to suspend redemptions as too many are coming in right now.

Examples

  • Of that debt, 70.9 percent went to servicing and financing redemption of other debts.

    Academic text (2000)
  • And the fund had to suspend redemptions as too many are coming in right now.

  • As Part II describes, the need for daily mutual fund share redemptions and an operational structure that supports the dominance of established managers have led most mutual funds to eschew alternative strategies.

    Academic text (2018)
  • Investors eagerly awaited news on the fund's redemption options as they anticipated the return of their principal investment.

  • The company announced the redemption of its outstanding bonds, allowing shareholders to receive the full amount they had originally invested.

  • After paying off the loan, she received confirmation of the redemption of her mortgage, marking the end of her debt.

Synonyms

payment
vsredemption
51 1.0

Something done or given to return help and make up for harm

is specific to settling principal or buying back issued financial instruments
repayment
vsredemption
34 2.9

Money you return after you borrowed it

settles loan principal and also buys back issued securities
repurchase
vsredemption
3 4.9

Buying back something that was sold before

focuses on settling debt or recovering principal not only buybacks
reacquisition
vsredemption
7.2

Getting something back that was once lost, sold, or given away

is narrower, focusing on settling financial debts or buying back securities

Antonyms

default
  • Specialized
74 5.2

Failure to pay money you owe on a loan

How Repaid

redemption
  • Formal
3 6.0
installment
  • US
24 3.2

Surface Forms

redemption singular
redemptions plural

Morphology

redemption = redeem (transparent) = redeem + tion

Nominalization of 'redeem' in a financial context referring to repaying or buying back debt instruments.

Etymology

Redemption comes from the Latin parts re- ('again') and emere ('to buy'), so it originally meant 'to buy back'. In money and bonds this idea lives on: a redemption is when a loan or bond is 'bought back' or paid off, so the debt ends.