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English definition of “redemption”

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 / yields make/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 .
(Definition of redemption noun from the Cambridge Business English Dictionary © Cambridge University Press)
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