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
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References in periodicals archive ?
2 : to buy, get, or win back <He redeemed his honor.
redeem
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.
Significant recent developments
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.
Frequent Flyer Program News
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.
ADVENTURES IN THE COUPON TRADE\Shoppers save big bucks by swapping, redeeming cash substitute
Series M7 - 640 shares, rated 'AAA', redeemed on May 18, 2010.
Fitch: Preferred Shares Issued by 2 Evergreen Closed-End Funds Paid In Full
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.
Redemptions and disappearing basis
In 1988, Moriah redeemed Joann's stock; she reported a capital gain on her 1988 tax return.
Breaking up is hard to do
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.
Buy-sell agreements: constructive dividend dangers lurk; how to structure an agreement to avoid adverse tax consequences
W - 553 shares, rated 'AAA' by Fitch, redeemed on Aug.
Fitch: Calamos Convertible Opportunities and Income Fund Auction Rate Pfd Shares Paid In Full
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.
Avoiding the 25% passive gross receipts problem by using a stock redemption to remove excess investments
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.
IRS issues final regs. on marital-related stock redemptions
The amount of ARPS being redeemed at this time varies by fund and ranges from 0.
BlackRock Announces Refinancing of Auction Rate Preferred Shares Issued by BlackRock Tax-Exempt Fixed Income Closed-End Funds

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