👉 Redemission is a financial term that refers to the process of transferring or releasing cash from one account to another, typically through a transfer or exchange. It's often used in accounting and finance contexts to denote the act of exchanging money for something else, such as stock or commodities. In the context of economics, redemission can refer to the process by which an investor sells their shares of a company at a loss, or when a company sells its assets to a third party. It's also
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What is the definition of Redemise? 🙋
👉 Redemise refers to a financial transaction where an individual or organization pays back all or part of their debt in full, typically within a specified period. It is often used in the context of credit card transactions to indicate that the amount owed has been paid off. For example, a credit card issuer might offer a redemissive option, allowing customers to pay off their outstanding balance in full and receive a discount on future purchases. The term can also be applied to other types of financial transactions where
