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Redemption Date
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Redemption date is the date on which a security (usually a fixed interest stock) is due to be repaid by the issuer at its full par value.
The year is included in the title of the security; the actual redemption date being that on which the last interest is due to be paid.
Alternatively, such a bond or share may carry two redemption dates and the stipulation that it will be repaid no earlier than the first date and no later than the second.
See Also: Online share dealing service Stockmarket Centre
Last Updated: February 2008 © Moneyextra.com
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