The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

REDEMPTION FEE Definition & Legal Meaning

Definition & Citations:

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.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.