From The Jolly Contrarian
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| {{a|brokerage|}}Realising the value of your investment in a [[financial instrument]] by redeeming it — giving it back to the issuer for cancellation against payment of its face value, redemption amount, or [[net asset value]] — rather than selling it in the [[secondary market]].
| | #redirect[[redeem]] |
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| Requires the instrument in question to have reached its maturity, or an optional redemption date, or be the sort of thing (like an investment in an open-ended investment company) with periodic redemption rights. Some sorts of instruments (e.g. [[share]]s) don't ever do that, so all you can do to liquidate your investment is to sell them.
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| {{sa}}
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| *[[Subscription]]
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| *[[Secondary market]]
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Latest revision as of 15:34, 23 September 2023