To cash in mutual fund shares by selling them back to the fund Mutual fund shares may be redeemed on any business day You will receive the current share price, called net asset value, minus any deferred sales charge or redemption fee
In religions such as Christianity, to redeem someone means to save them by freeing them from sin and evil. a new female spiritual force to redeem the world
If you redeem an object that belongs to you, you get it back from someone by repaying them money that you borrowed from them, after using the object as a guarantee. Make sure you know exactly what you will be paying back when you plan to redeem the item