Redemption Cushion: The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
Redemption Or Call: Right of the issuer to force holders on a certain date to redeem their convertibles for cash. The objective usually is to force holders to convert into common prior to the redemption deadlin . . . View Full Definition
Redemption Fee: Some open-end mutual funds impose a redemption fee when you sell shares in the fund, often during a specific, and sometimes brief, period of time after you purchase those shares. The fee is . . . View Full Definition
Redemption Date: The date on which a bond matures or is redeemed.
Redemption Period: A period of time established by state law during which a property owner has a right to redeem real estate after a foreclosure or tax sale by paying the sales price, interest and costs. Note . . . View Full Definition
Right Of Redemption: The right to recover property that has been attached by paying off the debt .
Statutory Redemption: The right of a defaulted property owner to recover the property after its sale by paying the appropriate fees and charges.
Serial Redemption: The redemption of a serial bond.
Safety Cushion: In a contingent immunization strategy, the difference between the initially available immunization level and the safety-net return.
Redemption Value: The price, stated in the contract, to be paid by a company to repurchase preferred stock.
Word of the Day:
Fragrance: The sensation of the gases released from ground coffee as they are inhaled through the nose. Ranges from sweetly floral to sweetly spicy.