redemption
noun [ 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 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.