What does "redemption" mean?

1. (religious salvation) the state of being saved from the power of evil or sin. 2. (finance) the act of exchanging a document, like a bond or coupon, for money or goods.

How do you use "redemption"?

Often used regarding bonds, shares, or pawned items.

redemption

US //ɹɪˈdɛmpʃən// UK //ɹɪdˈɛmpʃən// re·demp·tion

1 religious salvation (n.)
C1 Advanced Formal Religion

the state of being saved from the power of evil or sin.

the action of saving or being saved from sin, error, or evil in a theological context.

Example

Many people visit the temple to pray for spiritual redemption.

Example

The sermon focused on the possibility of divine redemption for even the most hardened of sinners.
- salvation
- deliverance
- damnation
- sin
2 finance (n.)
C1 Advanced Technical Finance

the act of exchanging a document, like a bond or coupon, for money or goods.

the action of regaining possession of a security or clearing a debt by paying a specific sum.

Example

The redemption of the bonds will happen at the end of the ten-year period.

Example

Investors were warned that the early redemption of their shares might result in a significant penalty fee.

Usage

Often used regarding bonds, shares, or pawned items.
- repayment
- exchange
- cashing in
- investment
- purchase

Origin

From Middle English redempcioun, from Old French redemption, from Latin redemptio. Doublet of ransom. Displaced native Old English ālīesung, ālīesnes.