Redemption

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Revision as of 14:00, 17 November 2015 by imported>Doug Williamson (Link with Redemption value page.)
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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.

See also