Redemption Provision
From Open Risk Manual
Definition
Redemption Provision. A contract provision enabling the issuer (writer) to regain possession through repayment of some stipulated price
In general, redemption is synonymous with 'buy back' or 'cash in', depending on the kind of instrument. Redemption provisions are commonly applicable to the process of annulling a defeasible title, such as for a mortgage or tax sale, by paying the debt or fulfilling an obligation.
See Also
- Barron's Dictionary of Business and Econonmics Terms, Fifth Edition, 2012
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Redemption Provision"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Debt/index-en.html + |
