Table of Contents
What is redemption and obligation?
Redemption Obligation means any outstanding and unsatisfied obligation of the Company to redeem all or any portion of any Note pursuant to Section 2.4(b) of such Note. Redemption Obligation means that certain obligation of the Company to repurchase Capital Stock of the Company pursuant to Section 6.05 of the ESOP.
What does redeem mean in mutual funds?
Mutual fund redemption is a process in which you as an investor sell your shares back to the fund. Redemption process is pretty simple and easy depending upon the type of mutual fund you hold. The amount will be credited back to your account/ ledger after you submit the redemption request to the fund house.
What does it mean to redeem a situation?
Redeem is also used in non-religious language in the phrase redeem a situation, which means to prevent a situation from being as bad as it might be.
What is a redemption payment?
In finance, redemption describes the repayment of a fixed-income security—such as a Treasury note, certificate of deposit, or bond—on or before its maturity date. Mutual fund investors can request redemptions for all or part of their shares from their fund manager.
What is capital redemption?
Redemption refers to the action of a company which involves repaying the capital. Redemption is carried out only in the case of preference capital. Also, the redemption of partly-paid preference capital is not allowed. A company can redeem its preference capital from the profits available for distribution as dividend.
Is it good to redeem mutual funds?
Investors should choose to redeem their investment by considering the impact on tax. Mutual funds are high on liquidity and most of them do not have a lock-in period. If they are redeemed before the holding period of 36 months, they will attract a tax rate linked to the individual tax slab.
Can I withdraw mutual fund anytime?
An investment in an open end scheme can be redeemed at any time. Unless it is an investment in an Equity Linked Savings Scheme (ELSS), wherein there is a lock-in of 3 years from date of investment, there are no restrictions on investment redemption.
How do you use word redemption?
the act of purchasing back something previously sold.
- And his soul, a vulgar a numb find redemption.
- She believes that humanity is in need of redemption.
- A charge is payable on redemption.
- Joan’s career with the firm is really beyond redemption.
- There is a fee for early redemption.
How do you use redemption?
Redemption in a Sentence 🔉
- Phillip prays his confession will earn him the redemption of a reduced prison sentence.
- Through writing his biography, the criminal hopes to earn redemption for his crimes by changing the lives of troubled young people.
What is the meaning of the word redeem?
According to the 1828 Noah Webster’s Dictionary, the definition of redeem is: “REDEE’M, verb transitive [Latin redimo; red, re, and emo, to obtain or purchase.] 1.
What does it mean to redeem a pledge?
1. To purchase back; to ransom; to liberate or rescue from captivity or bondage, or from any obligation or liability to suffer or to be forfeited, by paying an equivalent; as, to redeem prisoners or captured goods; to redeem a pledge. 2.
What do you need to know about redemption agreements?
Redemption Agreements generally address who can purchase or redeem the departing owner’s interest and the price-or method to determine the price-of such interest. Additionally, these contracts also outline the events that would trigger the redemption, sale, or transfer of ownership interest agreement.
What does equity of redemption mean in real estate?
By James Kimmons. Updated August 06, 2019. Equity of redemption is the right of an owner to redeem property secured by a loan that has been accelerated prior to foreclosure. For example, Mary is behind on her mortgage payments, and the lender has accelerated the loan—acceleration is a demand for payment in full—or foreclosure will follow.