How would you define "Redemption Code" in a legal contract? (2024)

FAQs

How would you define "Redemption Code" in a legal contract? ›

Redemption Code means a sequence of letters, numbers, and/or symbols found on gift certificates, promotional coupons or other promotional offers that are used to obtain a benefit. Seen in 21 SEC Filings.

A redemption code is a combination of 24 alphanumeric digits, for example J72D-I83E-N87F-213E-B980-K915.

Redemption Code means the sequence of letters, numbers, and/or symbols placed on gift certificates, promotional coupons or other promotional offers and used to obtain a benefit.

: 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) specifically : a mortgagor's statutory right to redeem after a judicial foreclosure and sale.

Redemption Code means an electronic code that is necessary to obtain the benefit of gift certificates, promotional points or other promotional coupons. Seen in 3 SEC filings. Redemption Code means an electronic code needed to obtain the benefit of gift certificates or other promotional coupons.

Redemption is an essential concept in many religions, including Judaism, Christianity, and Islam. The term implies that something has been paid for or bought back, like a slave who has been set free through the payment of a ransom.

Redemption, defined by dictionary.com, is an act of redeeming, rescue, or deliverance from sin. For followers of Christ, we know He is our Rescuer. Ephesians 1:7 states, “In him we have redemption through his blood, the forgiveness of sins, in accordance with the riches of God's grace.”

What does Redemption mean? The repayment by the borrower of outstanding loan obligations upon the agreed terms with the effect of extinguishing the debt.

What is a redemption agreement? ›

A redemption agreement sometimes called a stock redemption agreement, is a legally binding agreement between shareholders of a company. It allows parties to specify the terms in which they may buy, sell, or transfer shares of a company. These agreements may include partners, shareholders, or LLC members.

Redemption is the buying back of something. You might try for redemption by attempting to buy back a bike you sold, or you might attempt to buy back your soul after you steal someone else's bike.

Gift card redemption codes are typically a 16-digit combination of numbers and letters. Some digital gift codes sent to you by email, SMS, or other methods may have a different number of digits, but will be a combination of numbers and letters.

repurchase of something sold, such as to a pawn shop. paying off, as of a mortgage, bond, or note. recovery by payment, as of something pledged. conversion of paper money into coins.

Let's understand with an example

If the NAV of the fund is Rs.40 during the time of redemption, the exit fee charged would be 2% of Rs. 40, which is equal to 0.8. After deducting this amount from the NAV, which is Rs. 39.20 gets credited to the investor.

His new life, helping others along the road each day, seemed to offer him a sort of redemption.