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English definition of “redemption”

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redemption

noun [C or U]
 
 
/rɪˈdemʃən/
FINANCE, STOCK MARKET the act of exchanging shares or bonds for cash: Redemptions made by telephone for shares recently purchased by check will not be honored unless the check has cleared. For redemptions of $50,000 or more, you must include a signature guarantee for each owner. redemption requests/orders/penalties redemption proceeds/fees/yieldsmake/request/submit a redemption You may request a redemption or an exchange by calling our Shareholder Service Center.
FINANCE the act of paying back a loan: redemption of debt/a loan/a mortgage The nation's largest jewelry retailer reported an 11% rise in earnings for the latest quarter, boosted by higher sales and the early redemption of debt.
Translations of “redemption”
in Chinese (Traditional) 補救…
in Russian спасение…
in Turkish kurtulma, halâs, bağışlanma…
in Chinese (Simplified) 补救…
in Polish odkupienie, zbawienie…
(Definition of redemption from the Cambridge Business English Dictionary © Cambridge University Press)
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