This is the right of the mortgagor to recover mortgaged property on repayment of the loan and any interest due. This legally means that once you as the borrower have finished repaying the mortgage you took out, the property is yours and the lender has no further claim on it. If you pay of the mortgage ahead of schedule you may face a redemption penalty which compensates the lender for loss of interest.

( Period) - The time period in a foreclosure in which a borrower in default cannot be divested of legal title or evicted and can exercise the right to redeem the property by paying the debt in full.

The date a security, such as, a bond, preferred stock or mutual fund shares becomes repayable. This is also called the maturity date.

(1) Repayment or liquidation of an indebtedness. (2) Sale of mutual funds. You redeem mutual funds at the net asset value.

The process of converting shares into cash, or selling shares. Any open-end mutual fund must redeem shares at the current price from a registered shareholder upon his or her request. Also referred to as a liquidation.

Facility, stipulated in the loan conditions, for the premature repayment (settlement) of loans. Premature redemption or redemption are not permitted until after five years have elapsed since the date of issue. In the case of redemption, in contrast to settlement of the premature redemption, the issue of securities is revoked.

The right or obligation of a company to repurchase its own shares.

The return of an investor's principal in a security, such as a bond, preferred stock or mutual fund shares, at or prior to maturity. see also call, maturity value, open-end management company, drawn securities, right of redemption, prepayment privilege.

Selling shares of a mutual fund.

The return of an investor's principal in a security. Bond redemption can occur at or before maturity; mutual fund shares are redeemed at net asset value when an investor's holdings are liquidated.

The repayment of principal on a debt instrument, usually at the issuer's option and prior to the state final maturity.

Partial or total sale of the units of a fund by a unit holder.

The full repayment of a mortgage.

repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)

The repayment of an existing mortgage or loan

Repayment of the principal at maturity of a bond.

Selling back by a shareholder of mutual fund shares directly through the transfer agent.

A lump sum payment to redeem collateral in lieu of a reaffirmation of the debt or surrender of the collateral.

Process of converting mutual fund shares into cash. Also known as Liquidate.

Payment of a security on the maturity date stated by the issuer.

The right of a unit holder to sell some or all of his/her units back to the investment fund at the current net asset value per unit.

The return of an investor's principal. For example, mutual fund shares may be redeemed on any business day by selling them back to the fund for the current share price, called net asset value, minus any deferred sales charge or redemption fee.

When a fixed-income investment matures, and you get your investment amount back, the repayment is known as redemption. Bonds are usually redeemed at par, or face value. However, if a bond issuer calls the bond, or pays it off before maturity, you may be paid as per the terms of the offer document.

The bankruptcy code provides for your to pay off your car at the current wholesale value. This allows you to get a true fresh start and avoid paying more than your car is currently worth. If you are eligible, US Bank may be willing to finance your redemption through www.722redemption.com and save you quite a bit of money. You can call toll free at 1-888-278-6121 even before you call our office if you want and find out if you will be eligible. If you are going to redeem, you should stop making payments to your old bank, since you will be paying them off the value as of the date of filing bankruptcy.

paying off or cancelling a debt. Commonwealth bonds are redeemable at face value on maturity; that is, the Commonwealth government pays you the lender, your money and redeems its debt.

Liquidating a shareholder's holdings.

To buy back. A debtor buys back or redeems his pledged property when he pays the debt.

Mainly applies to convertible securities. Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.

Repayment of the mortgage in full.

If you repay (redeem) your mortgage at any time prior to the end of the mortgage term you may have to pay certain fees or an interest penalty (redemption penalty). If the mortgage is repayed in the early years there may be a heftier penalty, a product penalty. An extended redemption tie-in means that this penalty will continue to be payable beyond the initial term of the mortgage.

Repayment of a debt security or preferred stock issue, at or before maturity. Mutual fund shares are redeemed at the net asset value (NAV) when a shareholder's holdings are liquidated.

The liquidation of indebtedness by retiring an outstanding obligation, usually at the issuer's option and prior to a stated final maturity.

After 6 months' time has elapsed from the date of injury, any liability resulting from the personal injury may be redeemed by the payment of a lump sum by agreement of the parties, subject to approval of a hearing referee. A hearing referee or workers' compensation magistrate must approve a redemption agreement.

The return of an investor's principal in a security, such as a stock, bond, or mutual fund. For Farm Credit customers, this represents a return, or redemption, or their Investment Bond purchases.

The process of converting a shareholder's shares into cash. A registered open-end mutual fund must redeem shares at the price next determined after receipt of the shareholder's request.

Cashing in shares by a shareholder: the mutual fund/unit trust buys back the investor’s shares.

On any business day, a shareholder may sell back to the fund all or part of his or her shares at their current net asset value, which may be more or less than the original cost. A redemption may result in a taxable gain or loss.

The right of a shareholder to sell, at any time, some or all of his or her shares back to the investment fund for cash.

The final repayment of a mortgage loan.

The procedure by which a mutual fund purchases on demand shares from shareholders. For bonds, the repayment of the bond principal amount by the issuer.

The act of selling mutual fund shares at the current net asset value, which may be worth more or less than original cost.

Sale of mutual fund shares by a shareholder.

THE FULL REPAYMENT OF YOUR MORTGAGE.

The repayment of an indebtedness whether on maturity or prior to maturity. REFINANCE - the act of securing a replacement loan.

The repayment of an outstanding bond on or before maturity.

For all our mortgages, if you pay off the whole or any part of the loan before the end of the mortgage term, you will have to pay a redemption charge. This will be the amount specific to the mortgage product specified on the relevant web page and in our brochures. There will also be an Administration fee at redemption. If you decide to redeem your Standard Variable Rate mortgage, you would only pay an administration fee. Fees applied in addition to any interest charges at the time the mortgage is redeemed are charged to cover our reasonable administration costs. These include retrieving and checking the Deeds and Documents, formal sealing, recording of documents sealed and secure postage. (Please note that with some products, for example the Base Rate Tracker products, certain specific criteria apply allowing part repayment without a charge.)

The repayment of the principal (par) amount of a debt security, or a preferred stock, at or before its maturity. Mutual fund shares are redeemed at net asset value when a shareholder liquidates their shares. See: Debt Security; Liquidation; Maturity Date; Mutual Fund; Net Asset Value; Par; Preferred Stock; Principal

Commencing on a predetermined date after the First Close, at the request of the holders of a predetermined percentage of the ten outstanding Series X Preferred, the company will redeem the then outstanding Series X Preferred at a redemption price equal to the purchase price plus any accrued and unpaid dividends (a forced buy-back).

A corporate action in which a company pays repays the loan stock to stock holders. Also known as a "repayment".

Date at which a bond become repayable. Also called the maturity date.

(1) Repayment of a debt security at or before maturity (2) Repayment or a preferred stock. (3) Sale of mutual fund shares to the fund sponsor.

The sale of mutual fund shares.

The right of a mortgagor to redeem property by paying a debt before sale at foreclosure; the right of an owner to reclaim his or her property after it has been sold to settle claims for unpaid taxes.

When you sell your mutual fund shares back to the fund, you are considered to be "redeeming" your investment.

The repayment of the principal sum outstanding on a Bond. The date on which this occurs is the redemption date.

How a shareholder sells his or her mutual fund shares back to the fund.

The retirement of a bond by the repayment of its face value.

A repurchase of shares from shareholders by a corporation.

The process of converting shares into cash. Any open-ended unit trust must redeem shares at the current price from a registered shareholder upon request.

(1) For preferred stock and bonds, the corporation's privilege of retiring these securities by repayment of face value to their holders. (2) For mutual funds, the shareholder's privilege of converting his interest in the fund into cash - normally at net asset value.

In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum. For example, a debtor may redeem a car note by paying the lender the amount a retail vendor would charge for the car, considering its age and condition.

When the principal of the bond is paid off, the bond is said to be redeemed. Bonds can be redeemed at maturity, or on a call date or put date.

Corporation who repurchase shares from its shareholders.

Process of retiring existing bonds prior to maturity from excess earnings or proceeds of refunding bonds. It also refers to redeeming shares in a mutual fund by selling the shares back to the sponsor.

The right of an owner to redeem or reclaim the real estate by paying the debt or charge (such as a Deed of Trust or tax lien) after default, together with interest and costs. More correctly, equity of redemption refers to the right to redeem the property after default but before foreclosure; the statutory right of redemption refers to the right to redeem the property after foreclosure, or other enforcement action, during a certain period of time specified by statute. Example: in Colorado, the mortgagor has the statutory right to redeem his property any time within six months for agricultural property or 75 days for platted residential properties after a Deed of Trust foreclosure or three years after a sale for delinquent property taxes.

The repayment of a debt security or preferred stock, either for par value at maturity or for a premium before maturity.

The right to redeem property during the foreclosure period; the right of an owner to redeem his property after a sale for taxes. Often referred to as Equity of Redemption.

Debtors may keep exempt secured property even though they owe money on it by paying the creditor the collateral value of the property rather than the amount of the debt. Note that in some cases the "value" of the collateral may be less than the amount owed on it. In these cases it may be advantageous for the debtor to redeem the property.

The purchase of securities by the issuer at a time and price stipulated in terms of the securities.

The act of reclaiming property which had been taken for nonpayment of taxes. Redemption is allowed if delinquent taxes and all related interest, costs, and penalties are paid within the prescribed period of time.

The act by which a property owner can reclaim forfeited property by paying back a debt caused by default of mortgage payments or tax sale for non-payment.

the act of purchasing back something previously sold

In collections, usually refers to the debtor reinstating the loan or lease, following repossession of the vehicle, by paying arrearage and costs.

A repurchase; a buying back. The act of a vendor of property in buying it back again from the purchaser at the same or enhanced price.

The right of a debtor to regain title to property under a pending foreclosure proceeding by paying the judgment before sale; or a payment to creditor for the return of property taken, under a pending legal action such as repossession or replevin.

The buying back of one's own property after a forced court sale.

The right of a defaulting property owner to recover the property by curing the default, or paying the entire debt.

The right of a debtor to regain title to property under a foreclosure judgment by paying the judgment or fulfilling other conditions.

(1) The correcting of a default under a trust deed or mortgage by paying the entire indebtedness plus foreclosure costs. (2) The reacquiring (buying back) of property sold at a judicial foreclosure sale by paying the amount for which it was sold plus certain other items specified by statute. See also Equity of Redemption. Refinance - To obtain new financing to pay off an existing loan.

The right of the owner in some states to reclaim title to property if the owner pays the debt to the mortgagee within a stipulated time after foreclosure.

A buying back of property from the original purchaser by the original seller.

Reacquiring (buying back) one's property after a judicial sale on payment of the amount of the sale plus expenses and other costs incurred by the purchaser.

A defaulting mortgagor reinstating a loan and preventing foreclosure by paying all delinquent amounts, plus costs.

A buyback or the ability to buy back. (See "Equity of Redemption.")

The right, in some states, for an owner or lien holder to satisfy the indebtedness due on a mortgage in foreclosure after sale.

Reclaiming or buying back one's property within the statutory period of time after losing it at a judicial sale

Buying back one's property after a judicial sale. The repurchasing of one's property after a judicial sale. Back to the Top

time allowed by law in some states during which a mortgagor can reclaim foreclosed property; the opportunity in some states for the borrower to recover the property following the foreclosure sale. This occurs by paying the balance owed on the delinquent mortgage, plus interest and fees. (varies with each state)

Buying back one's property after a Judicial Sale. See Right of Redemption.

The right of a defaulted property owner to recover his or her property by curing the default. (See equitable redemption, statutory redemption)

The buying bank of a mortgage estate by payment of the sum due on the mortgage.

the regaining of property once lost to forfeiture or foreclosure

The buying back of one's property after it has been lost through foreclosure. Payment of delinquent taxes after sale to the State.

Also known as the Right of Redemption; it is the right of an owner to buy back his property after a court ordered sale.

Buying back. When a vendor later buys the property back. A right of redemption gives the vendor the right to buy back the property. In some jurisdictions where a mortgage transfers title to the lender until the mortgage is paid off, the "buying back" of the property is known as redemption.

The paying off or buying back of a bond by the issuer.

The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale.

A defeasable title to land that is cancelled by a mortgage foreclosure or tax sale of the property.

A general term used in the Old Testament for the deliverance of Israel from Egypt by the mighty power of God, without any price or ransom being paid, to be his own possession.

(Christianity) the act of delivering from sin or saving from evil

God’s saving activity through Christ in delivering humanity from sin and evil.

Salvation from sin through the atonement of Christ

The deliverance of humanity from sin and death by Christ, who assumed humanity by His Incarnation, conquered sin and death by His life-giving death and glorious Resurrection, releases those who are in captivity to the evil one, and unites humanity to God by His Ascension (Gal. 3:13; Heb. 9:15). See also DEIFICATION and SALVATION.

the releasing or deliverance of something at a cost which makes that thing the possession of the purchaser

Jesus' work of buying us back. He paid what we owed to God by living a perfect life in our place and suffering the punishment that we deserved for our sins. "In him we have redemption through his blood, the forgiveness of sins" (Ephesians 1:7).

Redemption is a Collectible Card Game based on the Bible. It involves Biblical characters, places, objects, and ideas. The object of the game is for your Heroes (good characters) to rescue Lost Souls by defeating your opponent's Evil Characters.

when you pay back the loan to your lender, including when you remortgage* to a different lender.

When you pay off the outstanding balance of your mortgage

an agreement to pay the bank what the security is worth in one lump sum

Paying off the mortgage, either to move to another property or at the end of the mortgage term. With some products redemption charged can be levied by the lender if the mortgage loan is repaid.

The time at which a mortgage is paid off, either at the end of the term or when the property is sold.

This means to pay off a mortgage completely either at the end of the agreement, when you have a lump sum of money to use or when you refinance your home.

In a Chapter 7 bankruptcy this is the right of a debtor to keep secured personal property by paying its current value rather than the full loan value. If your car is worth $4000, but you still owe $9000 on it a redemption forces the car lender to let you have the car for $4000. You must normally pay the redemption amount as a lump sum.

The moment when you pay off your mortgage - either at the end of the term, when you move house or when you remortgage with another lender.

Redemption penalties Redemption penalty overhang

The process of paying off your mortgage either when moving house, remortgaging or at the end of the mortgage term.

Paying a secured creditor a lump sum payment in exchange for release of their claim or lien against the collateral.

The process of paying off a mortgage or loan completely.

The right of a debtor in a bankruptcy to purchase certain real or personal property from a secured creditor by paying the current value of the property (regardless of the amount owed on the property).

event when the mortgage is paid off

The paying off of a mortgage loan.

Part Redemption: When the mortgage, or part of it, is paid off.

Paying off a loan and therefore recovering the security, such as a mortgage.

This is where a mortgage is paid off either at the end of the term of the mortgage or when moving home.

The act of paying off a loan.

In some cases, if you pay off the whole or any part of the loan before the end of the mortgage term, you will have to pay a redemption charge.

Redemption (1999 novel) is one of the latest novels written by Jewish writer Howard Fast who wrote Spartacus in the 1950s. Redemption is both a romance and legal drama depicting Ike Goldman, an old professor emeritus falling in love with a woman named Elizabeth who is later alleged for her ex-husband's murder. It is published by Harcourt Brace & Company.

The retiring of a debt instrument by paying cash.

Cancellation of a security, either by cash payment or exchange against another security. Redemption may be mandatory on a specified date, at the option of the borrower after a certain date or conditional upon certain defined events (such as a change in the tax law which might jeopardise the borrower's position). Français: Remboursement/amortissement Español: Rescate

The extinguishing of a debt through cash payment.

It is the duty of a mortgagee, on being paid by the mortgagor, the principal, interest and costs due and with such payment, to hand to the mortgagor the title deeds together with an executed reconveyance of the mortgaged property.

The word used to describe a mortgage when it is repaid.

Payment of a mortgage loan in full.

The payment on a mortgage. Some lenders make a charge (redemption fee) if a mortgage is ended earlier than was first agreed.

The final payment of the mortgage loan.

When a mortgage if fully repaid.

This refers to repaying the mortgage when moving to another property or at the end of the mortgage term.

This occurs when you make your final payment mortgage payment.

The action of completely repaying a mortgage loan.

Cash taken out of an open-ended fund

The liquidation of interests in an investment fund.