re⋅demp⋅tion
[ri-demp-shuh
n] 
| 1. | an act of redeeming or the state of being redeemed. |
| 2. | deliverance; rescue. |
| 3. | Theology. deliverance from sin; salvation. |
| 4. | atonement for guilt. |
| 5. | repurchase, as of something sold. |
| 6. | paying off, as of a mortgage, bond, or note. |
| 7. | recovery by payment, as of something pledged. |
| 8. | conversion of paper money into specie. |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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| re·demp·tion (rĭ-děmp'shən) n.
[Middle English redempcioun, from Old French redemption, from Latin redēmptiō, redēmptiōn-, from redēmptus, past participle of redimere, to redeem; see redeem.] re·demp'tion·al, re·demp'tive, re·demp'to·ry (-tə-rē) adj. |
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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redemption
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Redemption
The return of an investor's principal in a security, such as a stock, bond, or mutual fund.
Investopedia Commentary
Redemption of mutual fund shares from a mutual fund company must occur within seven days of receiving a request for redemption from the investor.
See also: Mutual Fund, Systematic Withdrawal Plan
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redemption
- The retirement of a security by repurchase. Although generally used in reference to the repurchase of a bond before maturity, the term also applies to stock and mutual fund shares. See also partial redemption.
Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: re·demp·tion
Pronunciation: ri-'demp-sh&n
Function: noun
: the act, process, or fact of redeeming —see also EQUITY OF REDEMPTION, RIGHT OF REDEMPTION —re·demp·tive /-'demp-tiv/ adjective
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Redemption
the purchase back of something that had been lost, by the payment of a ransom. The Greek word so rendered is _apolutrosis_, a word occurring nine times in Scripture, and always with the idea of a ransom or price paid, i.e., redemption by a lutron (see Matt. 20:28; Mark 10:45). There are instances in the LXX. Version of the Old Testament of the use of _lutron_ in man's relation to man (Lev. 19:20; 25:51; Ex. 21:30; Num. 35:31, 32; Isa. 45:13; Prov. 6:35), and in the same sense of man's relation to God (Num. 3:49; 18:15). There are many passages in the New Testament which represent Christ's sufferings under the idea of a ransom or price, and the result thereby secured is a purchase or redemption (comp. Acts 20:28; 1 Cor. 6:19, 20; Gal. 3:13; 4:4, 5; Eph. 1:7; Col. 1:14; 1 Tim. 2:5, 6; Titus 2:14; Heb. 9:12; 1 Pet. 1:18, 19; Rev. 5:9). The idea running through all these texts, however various their reference, is that of payment made for our redemption. The debt against us is not viewed as simply cancelled, but is fully paid. Christ's blood or life, which he surrendered for them, is the "ransom" by which the deliverance of his people from the servitude of sin and from its penal consequences is secured. It is the plain doctrine of Scripture that "Christ saves us neither by the mere exercise of power, nor by his doctrine, nor by his example, nor by the moral influence which he exerted, nor by any subjective influence on his people, whether natural or mystical, but as a satisfaction to divine justice, as an expiation for sin, and as a ransom from the curse and authority of the law, thus reconciling us to God by making it consistent with his perfection to exercise mercy toward sinners" (Hodge's Systematic Theology).
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