redemption
- noun
- /rɪˈdɛmpʃən/
- Formal
- Merit loaned BioSphere $10 million to fund this redemption.
And the fund had to suspend redemptions as too many are coming in right now.
- 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
Something done or given to return help and make up for harm
Money you return after you borrowed it
Buying back something that was sold before
Getting something back that was once lost, sold, or given away
Antonyms
How Repaid
- Formal
- US
Surface Forms
Morphology
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.