👉 In finance, a "redeem" is a financial instrument that allows its holder to receive a fixed amount of cash or other assets in exchange for a certain number of shares. This type of security can be used to buy back shares, as well as to manage stock options and other equity instruments. Redeemable securities are often issued by companies that want to sell their stocks at a higher price than they would if they kept them outstanding. For example, a company may issue a redeemable bond or

redeems