Redemption - Financial definition
Concise definition of the term redemption
In finance, the term redemption designates the repayment of fixed-income securities.
Comprehensive definition of the term redemption
Redemptions at maturity are repayments in full, in accordance with the terms and conditions of the issue.
Partial redemptions can occur before the final maturity date, and may involve fixed or different amounts.
They commonly involve a lottery in which the issuer draws a proportion of the outstanding interest-bearing securities that are to be redeemed.
They commonly involve a lottery in which the issuer draws a proportion of the outstanding interest-bearing securities that are to be redeemed.