Redemption value
Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date.[1]
A bond is purchased at a discount if its redemption value exceeds its purchase price. It is purchased at a premium if its purchase price exceeds its redemption value.[1]
References
- ↑ 1.0 1.1 "Redemption Value". Retrieved November 12, 2007.