C2nounformalmoneybusiness
US/rɪˈdemp.ʃən/
UK/rɪˈdemp.ʃən/
the act of paying back a debt or bond; also being saved from failure or sin
In context
The bond has a redemption date in 2030, when investors will get their money back.
Customers can ask for redemption of their reward points at any store.
The film tells a story of redemption, as a failed businessman rebuilds his life.
Words that go with redemption
noun + noun
- redemption datePlease check the redemption date on your bond.
- redemption valueThe redemption value is printed on the certificate.
adjective + noun
- early redemptionEarly redemption may cost you an extra fee.
noun + preposition
- redemption of sharesThe company announced the redemption of its preferred shares.
- redemption of a loanThe redemption of the loan took ten years.
- beyond redemptionThe old factory was beyond redemption and had to be torn down.