Redemption: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Link with Spens clause page.) |
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Revision as of 19:57, 10 March 2015
The purchase and cancellation of outstanding securities through a cash payment to the holder.
More specifically, the paying off or buying back of a debt security by the issuer on or before its stated maturity date. The redemption can be made at par value or at a premium, as is the custom when exercising a call option.
