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 ?
2 : to buy, get, or win back <He redeemed his honor.
2006-30, (26) the Service announced the withdrawal of proposed regulations (27) providing guidance on the treatment of the basis of redeemed stock when a redemption is treated as a dividend under Sec.
Four credits can be redeemed for 4,000 Mileage Plus miles or a Hyatt $100 Off two-night stay certificate; eight credits are worth 8,000 bonus miles or two 500-mile upgrades; and so on, up to 32 credits which are redeemable for 90,000 bonus miles or a free business-class international ticket.
Even then, fewer than 2 percent of coupons were redeemed, reflecting the attitude among many consumers that the chore of clipping and redeeming coupons is not worth the effort.
Series M7 - 640 shares, rated 'AAA', redeemed on May 18, 2010.
301(c)(2), if the distribution exceeds E&P, it is a return of capital up to the shareholder's basis in the redeemed stock.
In 1988, Moriah redeemed Joann's stock; she reported a capital gain on her 1988 tax return.
In IRS revenue ruling 71-211, for example, a taxpayer redeemed all shares actually owned but, under IRC section 318(a)(2)(B), was considered to own a portion of the shares owned by a trust of which he was beneficiary.
318 family attribution rules deem a terminating family shareholder to indirectly own the stock of certain remaining family members (including the shareholder's spouse, child and parents), the redeemed shareholder must execute a waiver of family attribution agreement for the redemption to be a complete termination of each shareholder's interest.
1041-2 (a)(1) provides that if the stock of a spouse or former spouse (transferor spouse) is redeemed by a corporation and the redemption is not treated under "applicable tax law" as a constructive distribution to the other (nontransferor) spouse, the transaction will be respected as a stock redemption.