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)

redeem

(Repurchase), verb buy back, deliver, get back, liberate, obtain, ransom, recall, recapture, reclaim, recoup, recover, regain, release, replevin, replevy, repossess, rescue, retrieve
Associated concepts: right to redeem

redeem

(Satisfy debts), verb absolve, atone, do penance, expiate, give satisfaction, make amends, make up for, offset bad debts, propitiate, reform, satisfy, set straight, shrive, turn from sin
See also: buy, collect, conserve, cure, defray, discharge, disenthrall, extricate, free, fulfill, indemnify, liberate, liquidate, outbalance, pardon, purchase, purge, reclaim, recoup, recover, reform, refund, rehabilitate, renovate, repossess, rescue, restore, return, save
References in periodicals archive ?
Jointly Virgin Megastore, iStyle and Plug Ins have more than 40 retail outlets in the UAE, and Redeem expects to agree partnerships shortly with two further major retailers, which will bring the total number of UAE outlets where a mobile phone trade-in offer is supported by Redeem to 70.
TO THE STORE MANAGER: Promoter will redeem this voucher provided against the retail price of Lees 70g Tablet Bar - only purchased at participating Scottish Tesco stores.
7 January 2011 - US mortgage financier Fannie Mae (OTC:FNMA) said today that it would redeem the principal amount of USD1.
Or, members may simply book a one-way flight without having to redeem the same number of miles required for a roundtrip.
After the redemption, the divorce agreement was modified to require the company to redeem the stock.
ii) the issuer or a related person is required to redeem or purchase such stock,
17 June 2010 - US mortgage financier Fannie Mae (NYSE:FNM) said it would redeem the principal amount of some USD157.
The property settlement agreement required Moriah to redeem Joann's stock and required John to guarantee the redemption.
The shareholders ask their tax adviser about their plan to have Jerry redeem his shares now for $50,000 down, with the corporation paying the $450,000 balance via a 10-year installment note.
For example, it might be feasible to completely redeem the stock of the mother and the child who are inactive in the business, thereby distributing a major portion of the investments producing the excess passive receipts.
The extent to which a fund is able to use TOBs to redeem ARPS depends on market conditions, the fund's portfolio composition, the cost of liquidity and the willingness of liquidity providers to support TOBs, among other factors.
The customer may subsequently redeem the voucher to obtain a free ticket or to reduce its purchase price.