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

References in periodicals archive ?

will redeem her stock for cash, leaving Tom as the sole shareholder.

Avoiding third-party transfers in a divorce

Each new AirTouch customer who redeems a certificate will receive a free Motorola Teletac phone with free cellular service activation(b).

McDonald's and AirTouch Cellular join forces to raise funds for Ronald McDonald House Charities

302(a) provides that if a corporation redeems its stock and if Sec.

IRS discusses possible prohibited transactions of redeemed shareholder

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.

Notice 2001-45 attacks basis-increase transactions as tax shelters

If Basic redeems 300 shares from Bert, there will 700 total outstanding shares, and Bert will own 43% of the outstanding stock.