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redeem

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redeem

v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. A person who has pawned a possession may redeem the item by paying the loan and interest to the pawnbroker. (See: foreclosure, mortgage, redemption)

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References in periodicals archive
Houston [USA], Jan 18 ( ANI ): A 66-year-old woman was shot dead while a 31-year-old person is grimly injured in a shooting at the parking lot of Christ the Redeemer Catholic Church here on Thursday (local time).
Debt payments are secured by a pledge of the gross receipts of the obligated group, a mortgage on Holy Redeemer Hospital and Medical Center (HRHMC), and a debt service reserve fund.
The Christ the Redeemer balloon was a crowd favorite.
David Howells, who officiated at the wedding, said he felt "privileged" to have been priest-in-charge of Redeemer at the time.
It is two metres taller than the iconic Christ the Redeemer and double the height of Antony Gormley's Angel of the North creation.
You may have seen several images of Christ the Redeemer.
| ||BRAZIL ICON: Striking a pose in front of the Christ the Redeemer in Rio de Janeiro
| The Colosseum, Rome, the Christ the Redeemer statue in Rio, and Petra in Jordan
SAN FRANCISCO * On a damp and chilly Saturday morning, a dozen men and women converge on Most Holy Redeemer Church at 18th and Diamond in the heart of the Castro.
He illuminated Rio's iconic Christ the Redeemer statue in red, white and blue.
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