Dictionary
Financial Glossary
|
 |
| Glossary
> R
> "Redemption" Definition |
 Redemption
Mainly applies to convertible securities. Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.
The return of an investor"s principal in a security, such as a stock, bond, or mutual fund.
For all our mortgages, if you pay off the whole or any part of the loan before the end of the mortgage term, you will have to pay a redemption charge. This will be the amount specific to the mortgage product specified on the relevant web page and in our brochures. There will also be an Administration fee at redemption. If you decide to redeem your Standard Variable Rate mortgage, you would only pay an administration fee. Fees applied in addition to any interest charges at the time the mortgage is redeemed are charged to cover our reasonable administration costs. These include retrieving and checking the Deeds and Documents, formal sealing, recording of documents sealed and secure postage. (Please note that with some products, for example the Base Rate Tracker products, certain specific criteria apply allowing part repayment without a charge.)
The re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.
|
|
Glossary 
|
|
|
|
Redemption \ Mainly applies to convertible securities. Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.
The return of an investor"s principal in a security, such as a stock, bond, or mutual fund.
For all our mortgages, if you pay off the whole or any part of the loan before the end of the mortgage term, you will have to pay a redemption charge. This will be the amount specific to the mortgage product specified on the relevant web page and in our brochures. There will also be an Administration fee at redemption. If you decide to redeem your Standard Variable Rate mortgage, you would only pay an administration fee. Fees applied in addition to any interest charges at the time the mortgage is redeemed are charged to cover our reasonable administration costs. These include retrieving and checking the Deeds and Documents, formal sealing, recording of documents sealed and secure postage. (Please note that with some products, for example the Base Rate Tracker products, certain specific criteria apply allowing part repayment without a charge.)
The re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.
Redemption / mainly applies to convertible securities. repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price.
the return of an investor"s principal in a security, such as a stock, bond, or mutual fund.
for all our mortgages, if you pay off the whole or any part of the loan before the end of the mortgage term, you will have to pay a redemption charge. this will be the amount specific to the mortgage product specified on the relevant web page and in our brochures. there will also be an administration fee at redemption. if you decide to redeem your standard variable rate mortgage, you would only pay an administration fee. fees applied in addition to any interest charges at the time the mortgage is redeemed are charged to cover our reasonable administration costs. these include retrieving and checking the deeds and documents, formal sealing, recording of documents sealed and secure postage. (please note that with some products, for example the base rate tracker products, certain specific criteria apply allowing part repayment without a charge.)
the re-purchase of a security, such as a bond or preferred stock, by the issuing company at or before maturity.
