redeem

Definition

Use redeem in a sentence

When the long-term bonds our company had issued came due, many of the bondholders came to us to get their money back and redeem the bonds.

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When a person wishes to spend money that was given to them in the form of an amazon gift card, they must redeem the card for store credit first.

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Fred appreciated the bonds his Grandpa gave him when he was little, but he decided to redeem them and invest in riskier assets and hope for bigger rewards.

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term finance certificate (TFC) closed-end investment company