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1. Securities.

The purchase and cancellation of outstanding shares or other securities, usually through a cash payment to the holder.

2. Debt securities.

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.

3. Money market funds.

A withdrawal by an investor of their investment in the fund.

See also