redemption
UK /ɹɪˈdɛmpʃən/ US /ɹɪˈdɛmpʃən/
noun 5
Definitions
noun
1
The act of redeeming or something redeemed.
2
The recovery, for a fee, of a pawned article.
3
The conversion (of a security) into cash.
When money comes in, stablecoin operators can exercise how and when to buy reserves. When they face redemptions, they have to act faster.
4
Salvation from sin.
Before creating the world, God knew both the need for and the means of the redemption He would provide through Jesus Christ.
5
Rescue upon payment of a ransom.
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