redemption
Americannoun
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an act of atoning for guilt, a fault, or a mistake, or the state of having atoned.
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an act or the state of being rescued.
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Christianity. deliverance from sin; salvation.
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repurchase of something sold, such as to a pawn shop.
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paying off, as of a mortgage, bond, or note.
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recovery by payment, as of something pledged.
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conversion of paper money into coins.
noun
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the act or process of redeeming
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the state of being redeemed
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Christianity
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deliverance from sin through the incarnation, sufferings, and death of Christ
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atonement for guilt
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conversion of paper money into bullion or specie
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removal of a financial obligation by paying off a note, bond, etc
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( as modifier )
redemption date
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Other Word Forms
- nonredemption noun
- postredemption noun
- preredemption noun
- redemptional adjective
- redemptionless adjective
- redemptively adverb
Etymology
Origin of redemption
First recorded in 1300–50; Middle English redempcioun, from Middle French redemption, from Late Latin redēmptiōn-, stem of redēmptiō “deliverance, buyback,” from Latin redēmpt(us) “bought back” (past participle of redimere “to buy back, repurchase”; redeem ) + -iō -ion
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
During the redemption window, neither firm was reporting a surge in bad or risky loans.
Virginia does not have a “right of redemption,” so homeowners are generally not permitted to repurchase the foreclosed property.
From MarketWatch
Pressure for redemptions in private-credit interval funds stands to generate attractive opportunities for secondary buyers who hope to acquire discounted assets.
More recently, signs of stress are showing up in the private-credit market where major firms are pausing redemptions and writing down loans.
The firm simultaneously halted quarterly redemption requests at one of its funds, saying it would return capital to investors through periodic payouts from asset sales and earnings going forward.
From Barron's
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
