redemption
B2CEFR level
50/100Rarity: uncommon
TechnicalRegister
Law noun
The repayment or buying-back of shares, debt or a security, discharging the underlying obligation.
The preference shares carried a right of redemption at par after five years.
Business noun
The repayment of a security at maturity, or an investor's withdrawal from a fund.
A wave of redemptions forced the fund to dump assets into a falling market.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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