redemption

noun

Definitions of redemption

English

the action of regaining or gaining possession of something, or of clearing the title to a property of charges, in exchange for full payment of a debt

If a mortgage agreement does not specifically provide for redemption of the mortgage property it is unenforceable in law.

English

the sale of shares that a person or entity owns in a company

We may need to consider redemption of the BritAcc shares in order to finance the takeover.