redeem
/rɪˈdiːm/ verb [T]Definition
› FINANCE, STOCK MARKET to exchange shares or bonds for cash: Class B Shares are subject to a sales charge if they are redeemed within six years of purchase. Private investors will have to pay their own dealing fees to redeem their holdings.
› FINANCE to pay back a loan: redeem a loan/debt/mortgage
redeem a coupon/points/a voucher, etc. › COMMERCE to use a coupon (= piece of paper used to buy goods at a lower price), points from a credit card, etc. to buy something: be redeemed against sth Coupons, either in or on the pack, may be redeemed against future purchases of the product.redeem sth for sth New legislation would enable consumers to redeem gift certificates for cash once their value falls below $10.
(Definition of redeem verb from the Cambridge Business English Dictionary
© Cambridge University Press)
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