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Glossary Term: REDEMPTION

Definition(s) for REDEMPTION:


1. ) pertains to the paying off or buying back of a bond by the issuer; It also means repurchase of investment trust units by the trustee, at the bid price.

2. ) Redemption and payment are used interchangeably and refer to the payment of what a bond or note is worth in cash (currency) or via check or credit to an account as requested by the bond's owner or co-owner or by a person legally entitled to make such a request according to governing regulations and law


See Also:
REDEMPTION FEE, REDEMPTION RIGHTS, PREFERRED EQUITY REDEMPTION STOCK (PERC), RIGHT OF REDEMPTION, SERIAL REDEMPTION, EXTRAORDINARY REDEMPTION, OPTIONAL PRINCIPAL REDEMPTION BOND, OPTIONAL REDEMPTION, REDEMPTION FEE, REDEMPTION PRICE, CURRENT REDEMPTION VALUE (CRV), GROSS REDEMPTION YIELD, REDEMPTION DATE


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