an act of redeeming or atoning for a fault or mistake, or the state of being redeemed. deliverance; rescue. Theology. deliverance from sin; salvation.

What is an example of redemption?

Redemption is defined as the act of correcting a past wrong. An example of redemption is someone working hard for new clients to improve his reputation. ... The definition of redemption is the act of exchanging something for money or goods. An example of redemption is using a coupon at the grocery store.

What is a redemption payment?

In finance, redemption describes the repayment of a fixed-income security—such as a Treasury note, certificate of deposit, or bond—on or before its maturity date.