redemption

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Redemption

The liberation of an estate in real property from a mortgage.

Redemption is the process by which land that has been mortgaged or pledged is bought back or reclaimed. It is accomplished through a payment of the debt owed or a fulfillment of the other conditions.

redemption

n. the act of redeeming, buying back property by paying off a loan, interest and any costs of foreclosure. (See: redeem)

redemption

noun deliverance, indemnification, recovery, release, reparation, replevin, repossession, repurchase, rescue, restoration, retrieval, return, salvation
Associated concepts: right of redemption

REDEMPTION, contracts. The act of taking back by the seller from the buyer a thing which had been sold subject to th right of repurchase.
2. The right of redemption then is an agreement by which the seller reserves to himself the power of taking back the thing sold by returning the price paid for it. As to the fund out of which a mortgaged estate is to be redeemed, see Payment. Vide Equity of redemption.

References in periodicals archive ?

The redemption reduced X's ownership to 1/3 (25/75).

Final regs. clarify basis and distribution issues, but leave unanswered questions

The redemption date for the 2020 notes is April 9, 2018 (the "2020 notes redemption date"), and the redemption date for the 2021 notes is April 6, 2018 (the "2021 notes redemption date" and together with the 2020 notes redemption date, the "redemption dates").

Citigroup Inc. announcing redemption

The redemption is in complete termination of the shareholder's interest.

Redemptions and disappearing basis

Redemption graduates are found on the teams of such colleges as Sacramento State, Alabama, West Virginia, St.

Prep school for life

Commenting on the redemption, Michael Maturo, Reckson's Chief Financial Officer, stated, "The redemption of our remaining outstanding preferred stock with newly issued common equity, will further strengthen our balance sheet, create additional financial flexibility and improve our dividend payout ratio.

Reckson flexes its financial muscle

If the redemption is considered a third-party transfer, Bert is deemed to transfer the stock to Sylvia; then Sylvia is deemed to transfer it to Xanadu in a redemption.

Breaking up is hard to do

The court affirmed a report by a magistrate judge who concluded that the redemption payments qualified as dividends under Sec.

ESOP stock redemption payment was a deductible dividend

If a shareholder sells all his or her stock and completely terminates ownership of the corporation, the redemption is treated as an exchange.

Not for attribution

302(c)(2) requires redeemed shareholders to disassociate from the corporation as equity holders, officers, directors or employees, for 10 years following the redemption.

Seller's continuing ties to S corp. did not disqualify redemption treatment

Economically, a redemption agreement may be a better strategy if the purchase price (or premium payments) will not be taxable to the other shareholders as dividends.