redemption

  

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.
5.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.

Use redemption in a sentence

  • Marcia was annoyed that the store wouldn't allow redemption of the coupon she had saved, but she ultimately blamed herself for failing to notice the expiration date.

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  • 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.

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  • Although Sheila had given up hope, Xavier finished the task he had failed to do the day before thus earning himself redemption.

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