redemption

American  

[ri-demp-shuhn] / rɪˈdɛmp ʃən /

noun

1. an act of atoning for guilt, a fault, or a mistake, or the state of having atoned.

2. an act or the state of being rescued.

3. Christianity. deliverance from sin; salvation.

4. repurchase of something sold, such as to a pawn shop.

5. paying off, as of a mortgage, bond, or note.

6. recovery by payment, as of something pledged.

7. conversion of paper money into coins.

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redemption British  

/ rɪˈdɛmpʃən /

noun

1. the act or process of redeeming

2. the state of being redeemed

3. Christianity

   1. deliverance from sin through the incarnation, sufferings, and death of Christ

   2. atonement for guilt

4. conversion of paper money into bullion or specie

5. 1. removal of a financial obligation by paying off a note, bond, etc

   2. ( as modifier )

      redemption date

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Other Word Forms

• nonredemption noun
• postredemption noun
• preredemption noun
• redemptional adjective
• redemptionless adjective
• redemptively adverb

Etymology

Origin of redemption

First recorded in 1300–50; Middle English redempcioun, from Middle French redemption, from Late Latin redēmptiōn-, stem of redēmptiō “deliverance, buyback,” from Latin redēmpt(us) “bought back” (past participle of redimere “to buy back, repurchase”; redeem ) + -iō -ion

Example Sentences

This means when fundamentals deteriorate, it’s difficult for the ETFs to meet redemptions quickly enough.

From MarketWatch

That could create a cash crunch if redemptions mount, though S&P found it had enough borrowing capacity and resources to offset that exposure.

From The Wall Street Journal

If relentless investor net redemptions force some funds to shrink or sell loans at fire-sale prices, that could drive up borrowing costs across the market and slow new activity, hitting banks’ revenue.

From The Wall Street Journal

Chief among them is this asset-liability mismatch, which has attracted controversy as funds have been unable to meet redemption requests and have gated money in response.

From MarketWatch

Business development companies face mounting warning signs, including rising payment-in-kind debt and a surge in investor redemption requests.

From The Wall Street Journal

Related Words

• amends
• atonement
• compensation
• expiation
• penance
• recompense
• redress
• reparation
• repentance
• restitution
• shrift