Definitions

from the GNU version of the Collaborative International Dictionary of English

  • n. The liberation of an estate from a mortgage, or the taking back of property mortgaged, upon performance of the terms or conditions on which it was conveyed; also, the right of redeeming and reëntering upon an estate mortgaged. See Equity of redemption, under equity.
  • n. Performance of the obligation stated in a note, bill, bond, or other evidence of debt, by making payment to the holder.
  • n. The procuring of God's favor by the sufferings and death of Christ; the ransom or deliverance of sinners from the bondage of sin and the penalties of God's violated law.

from The Century Dictionary and Cyclopedia

  • n. The act of redeeming, or the state of being redeemed; ransom; repurchase; deliverance; release: as, the redemption of prisoners of war, of captured goods, etc.
  • n. Specifically— In law, the recovering or disencumbering of property by one who had a right to it subject to the encumbrance or defeasible conveyance, as where a debtor by paying his debt gets back a pledge or a mortgaged estate; also, the right of redeeming and reëntering.
  • n. In com., payment to the holders by the issuer of notes, bills, or other evidences of debt.
  • n. See the extract.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. (theology) the act of delivering from sin or saving from evil
  • n. repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)
  • n. the act of purchasing back something previously sold

Etymologies

Sorry, no etymologies found.

Examples

  • This week was the final date for clients to put in re-demption requests for many funds in order to get their money back by the end of the year, and the industry is worried about the scale of withdrawals.

    Latest Articles

Wordnik is becoming a not-for-profit! Read our announcement here.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.