Focus on the pronunciation of redemption
English definition of “redemption”
/rɪˈdemʃən/ noun [C or U]
› 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.