Redemption

Redemption

In the context of fixed income securities, return of principal. May occur on maturity or at owner’s discretion through cancellation.

In mutual funds, redemption occurs through sale of units to generate pay back of investment when holder desires.

Random Finance Terms for the Letter S

Related posts:

1. Redemption Cushion
2. Redemption Suspension
3. Redemption Charge
4. Refunding Escrow Deposits
5. Refunded Bond