Redemption

From ACT Wiki
Revision as of 14:20, 23 October 2012 by Administrator (Talk | contribs) (CSV import)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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