Mandatory redemption schedule
Schedule according to which sinking fund payments must be made. |
Similar financial terms
Redemption cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
Redemption charge
The commission charged by a mutual fund when redeeming shares. For example, a 2% redemption charge (also called a "back end load") on the sale of shares valued at €1000 will result in payment of €980 (or 98% of the value) to the investor. This charge may decrease or be eliminated as shares are held for longer time periods.
Preferred equity redemption stock (PERC)
Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives.
Optimal redemption provision
Provision of a bond indenture that governs the issuer's ability to call the bonds for redemption prior to their scheduled maturity date.
Redemption Fee
A charge assessed against an invetor for redeeming shares or interests in a fund. Often this charge is used for early or premature withdrawals. This feature is more common for funds investing in illiquid securities or emerging market funds and annuity products.
Amortization schedule
The principal repayment of a bonds issue can call for either (a) the total principal to be repaid at maturity or (b) the principal repaid over the life of the bond. The latter refers to a schedule of payments which is normally called an amortization schedule. Loans that have this feature are car loans and home mortgage loans.
Aging schedule
A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60 days, and 60-90 days), which is used to see whether customer payments are keeping close to schedule.
Scheduled cash flows
The mortgage principal and interest payments due to be paid under the terms of the mortgage not including possible prepayments.
Loan amortization schedule
The schedule for repaying the interest and principal on a loan.
