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nonredemption

  • a word derived from redemption.
    redemption
    noun
    an act of atoning for guilt, a fault, or a mistake, or the state of having atoned.

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As Stat Spotting points out, the nonredemption of discount vouchers offers a potential benefit to merchants participating in Groupon, for merchants can retain consumers’ prepayment but need not provide much or any service.

From Forbes Jun. 16, 2011