redeem

(redirected from redeems)
Also found in: Dictionary, Thesaurus, Financial, Idioms, Encyclopedia.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
060505740), will be redeemed simultaneously with the redemption of the Series I Preferred Stock, and the Series D Depositary Shares (NYSE: BAC PrD) (CUSIP No.
Zurich Financial Services (ZURN.VX) (OTC: ZFSVY) has said that it will redeem USD575m of trust capital securities earlier than planned, Dow Jones has reported.
Thus, the shareholder will compare the fair market value of property and/or cash received to the basis in the redeemed shares.
And nearly a quarter of it - pounds 460million worth - never will be redeemed even though it could give us free holidays, discounts, shopping vouchers and other gifts and services.
Ruth and Naomi could have been leaving that all behind, but then they have to go and look for a male relative to "redeem" them.
will redeem her stock for cash, leaving Tom as the sole shareholder.
In conjunction, the company has USD2.1m aggregate principal amount of the 2020 notes that remain subject to repurchase pursuant to the guaranteed delivery procedures and will redeem all remaining outstanding 2020 notes.
Royal Bank of Canada (NYSE: RY) (TSX: RY) has plans to redeem all its currently issued and outstanding trust preferred securities and common securities of Business Bancorp Capital Trust I, a Delaware trust and indirect unconsolidated subsidiary of Royal Bank of Canada acquired as a result of the merger with City National Corporation, the company said.
302(a)(1), when a corporation redeems its own stock and any one of the exceptions in Sec.
M2 EQUITYBITES-January 28, 2016-Royal Bank of Canada redeems trust preferred securities issued by Business Bancorp
BANKING AND CREDIT NEWS-June 2, 2014--Ally Financial redeems debentures
302(a) provides that if a corporation redeems its stock and if Sec.