noun performance of the obligation stated in a note, bill, bond, or other evidence of debt, by making payment to the holder.
2. re-demption ·noun 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.
3. re-demption ·noun 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.
4. re-demption ·noun 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 reentering upon an estate mortgaged. ·see equity of redemption, under equity.