redemption redemption /rɪˈdɛmʃən/

noun

1. () (theology) the act of delivering from sin or saving from evil  ( redemption , salvation )
   (theology) the act of delivering from sin or saving from evil
     The charity organization provided food and shelter for those in need.
   The charity organization provided food and shelter for those in need.
   
2. The act of purchasing back something previously sold  ( buyback , redemption , repurchase )
   the act of purchasing back something previously sold
   
3. (corporation) repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)  ( redemption )
   (corporation) repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)