Definitions (5)
1. Finance: Repayment of bonds or other debt securities on or before their maturity date. An issuer-compelled redemption is known as 'call.'
2. Marketing: Making use of a sales promotion offer such as coupons, discounts, labels, etc., by the consumers for gifts or rewards.
3. Mortgage: Right of a mortgagor to recover mortgaged property on repayment of the full due amount resulting in a complete annulment of the lender's claim on the property. See also right of redemption.
4. Mutual funds: Return of the current market value (less fees and charges) of an investor's shares (units), usually within seven days of receiving a request for redemption from the investor.
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