Dictionary Home »
Business » redemption
redemption business definition
- The retirement of a security by repurchase. Although generally used in reference to the repurchase of a bond before maturity, the term also applies to stock and mutual fund shares. See also partial redemption.
- The acceptance of a vendor coupon by a retailer, distributor, or manufacturer for full or partial payment of a good.
- Payment to a governmental authority of delinquent taxes and associated costs incurred during a tax lien process.
Learn more about redemption