redemption
Definition
The return of an investor's principal in a security, such as a bond, preferred stock or mutual fund shares, at or prior to maturity.
Use redemption in a sentence
“ You should know how much the redemption will be before you ever decide to invest in any bond or mutual fund. ”
“ The redemption process for corporate issued bonds typically requires that you submit the bond and payment coupons to issuer's bank of record. ”
“ When our company issued bonds to finance a new expansion, the bondholders insisted on including a provision that would allow them to get a redemption of their money after a set number of years. ”
