redemption n
1. (Christianity) the act of delivering from sin or saving from evil [syn: salvation]
2. repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)
3. the act of purchasing back something previously sold [syn: repurchase, buyback]
   "Re-demption" web1913 "Webster's Revised Unabridged Dictionary (1913)" Re-demption \Re-demp"tion\ (-sh?n), n. [F. r['e]demption, L. redemptio. See Redeem, and cf. Ransom.] The act of redeeming, or the state of being redeemed; repurchase; ransom; release; rescue; deliverance; as, the redemption of prisoners taken in war; the redemption of a ship and cargo. Specifically: (a) (Law) The liberation of an estate from a mortgage, or the taking back of property mortgaged, upon performance of the terms or conditions on which it was conveyed; also, the right of redeeming and re["e]ntering upon an estate mortgaged. See Equity of redemption, under Equity. (b) (Com.) Performance of the obligation stated in a note, bill, bond, or other evidence of debt, by making payment to the holder. (c) (Theol.) The procuring of God's favor by the sufferings and death of Christ; the ransom or deliverance of sinners from the bondage of sin and the penalties of God's violated law. In whom we have redemption through his blood. --Eph. i. 7.

See more meaning on Redemption...

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