-
Redemption:
-
Buying back. When a vendor later buys the property back.
Buying back.
When a vendor later buys the property back.
A right of redemption gives the vendor the right to buy back the property.
In some jurisdictions where a mortgage transfers title to the lender until the mortgage is paid off, the "buying back" of the property is known as redemption.
A corporation may buy back (redeem) shares it had issued.