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 ?
will redeem her stock for cash, leaving Tom as the sole shareholder.
Each new AirTouch customer who redeems a certificate will receive a free Motorola Teletac phone with free cellular service activation(b).
302(a) provides that if a corporation redeems its stock and if Sec.
The second corporation then redeems its stock held by the first corporation, and the first corporation treats the redemption as a dividend, because it is related to the U.
If Basic redeems 300 shares from Bert, there will 700 total outstanding shares, and Bert will own 43% of the outstanding stock.