Meaning of “redemption” in the English Dictionary

"redemption" in British English

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redemptionnoun

uk /rɪˈdemp.ʃən/ us /rɪˈdemp.ʃən/

redemption noun (EXCHANGE)

[ C or U ] the act of exchanging bonds, shares, etc. for money:

The bonds will be redeemed at 100% of their principal amount, plus interest to the redemption date.
redemptive
adjective uk /rɪˈdemp.tɪv/ us /rɪˈdemp.tɪv/ formal

(especially in Christianity) giving someone redemption

(Definition of “redemption” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"redemption" in American English

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redemptionnoun [ U ]

us /rɪˈdemp·ʃən/

the state of being kept from evil or of improving morally:

The political leadership in that state is so corrupt that it’s beyond redemption (= it will always be morally bad).

(Definition of “redemption” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"redemption" in Business English

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redemptionnoun [ C or U ]

uk /rɪˈdemʃən/ us

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 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” from the Cambridge Business English Dictionary © Cambridge University Press)