REDEMPTION FEE
\ɹɪdˈɛmpʃən fˈiː], \ɹɪdˈɛmpʃən fˈiː], \ɹ_ɪ_d_ˈɛ_m_p_ʃ_ə_n f_ˈiː]\
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1. Banking: Penalty charged by the lender f a mortgage is paid off (1) before its maturity date, (2) after its maturity or foreclosure date. 2. Mutual fund: Penalty charged for withdrawals of invested funds by the investor before a specified period after investment.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.