Redemption of Shares
Under Chapter VII of Part V of the Companies Act 1985, a company can redeem shares which are issued as redeemable shares by repaying the nominal value to the shareholder, whereupon the shares are cancelled.
Redemption
(n) Redemption is the process by which a property, article, right etc sold, issued, mortgaged or otherwise transferred to a person is taken back by re-purchasing, ...
Redemption Rights: Right of repurchase enjoyed by a corporation that exist for certain shares of stock.
Redemption: A repurchase of shares from shareholders by a corporation.
Redemption Period.
The period of time, in a foreclosure, that the court will establish for which the property will be for sale before the owner will have to vacate and the time at which potentially the mortgage holder can take control of the ...
REDEMPTION
n. the act of redeeming, buying back property by paying off a loan, interest and any costs of foreclosure.
Redemption: The act of redeeming; turning in something, such as a bond, for cash.
REDEMPTION, contracts. The act of taking back by the seller from the buyer a thing which had been sold subject to th right of repurchase.
Redemption
To buy back; when a vendor later buys the property back. A right of redemption gives the vendor the right to buy back the property.
redemption
In Chapter 7 bankruptcy, when the debtor obtains legal title to collateral for a debt by paying the creditor the replacement value of the collateral in a lump sum.
price of redemption demanded by the captor of a person, vessel, or city. In ancient times cities frequently paid ransom to prevent their plundering by captors. The custom of ransoming was formerly sanctioned by law.
Right of redemption
Definition
: the right to regain ownership of property by freeing it from a debt, charge, or lien (as by paying to the creditor what is due to release the secured property)
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equity of redemption
n. the right of a mortgagor (person owing on a loan or debt against their real property), after commencement of foreclosure proceedings, to "cure" his/her default by making delinquent payments.
TOP Foreclosure : The technical meaning of the word is to wipe out a right of redemption on a property. Generally, this is what happens when someone does not pay their mortgage.
Redemption: Repayment of a mortgage, so the equitable estate of the lender and the legal estate of the borrower merge in the mortgagor.
The technical meaning of the word is to wipe out a right of redemption on a property. Generally, this is what happens when someone does not pay their mortgage.
reciprocal remedy to redemption is foreclosure.
"Equity, which by its interference has prevented the mortgagee from asserting his legal right to absolute ownership under the strict terms of the contract, simply removes the stop it has put on, ...
This takes place when the mortgagor has forfeited his estate by non-payment of the money due on the mortgage at the time appointed, but still retains the equity of redemption; in such case the mortgagee may file a bill, calling on the mortgagor, ...
The act further mandated that after the Final Government Equity Redemption Date (FGERD), as defined by the National Consumer Cooperative Bank Act, the bank's Class B and C stockholders shall elect twelve of the bank's fifteen directors.
foreclosure 1 : a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory ...
Differences among states range from the notices that must be posted or mailed, redemption periods, and the scheduling and notices issued regarding the auctioning of the … Full Definition » ...
 See also: State, Right, Law, Person, Term
  
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