redemption

redemption definition - business

redemption

  1. The retirement of a security by repurchase. Although generally used in reference to the repurchase of a bond before maturity, the term also applies to stock and mutual fund shares. See also partial redemption.
  2. The acceptance of a vendor coupon by a retailer, distributor, or manufacturer for full or partial payment of a good.
  3. Payment to a governmental authority of delinquent taxes and associated costs incurred during a tax lien process.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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