Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between a partial and full redemption?

April 26, 2017partial redemption

0

Posted

What is the difference between a partial and full redemption?

2 Answers

0

Posted

A partial redemption is when an account owner redeems a portion of the security. The amount requested includes principal, as well as a proportionate amount of interest. The account owner must redeem at least $25.00, and may not leave less than $25.00 as the remainder of the held security. A full redemption includes both the principal and the total interest earned.

0

Posted

A partial redemption is when an account owner redeems a portion of the security. The amount requested includes principal, as well as a proportionate amount of interest. The account owner must redeem at least $25, and may not leave less than $25 as the remainder of the held security. A full redemption includes both the principal and the total interest earned.