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Redemption

Redemption Definition

"Redemption" and "payment" are used interchangeably and refer to the payment of what a bond or note is worth in cash (currency) or via check or credit to an account as requested by the bond's owner or co-owner or by a person legally entitled to make such a request according to governing regulations and law.
RELATED TERMS
Equitable right of redemption
RELATED CATEGORIES
Bonds



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