Redemption: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Link with Redemption value page.) |
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* [[Premium]] | * [[Premium]] | ||
* [[Puttable]] | * [[Puttable]] | ||
* [[Redemption value]] | |||
* [[Sinking fund]] | * [[Sinking fund]] | ||
* [[Spens clause]] | * [[Spens clause]] | ||
* [[Undated]] | * [[Undated]] | ||
Revision as of 14:00, 17 November 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.
