redemption

noun5

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. — 2025
4. •
   Rescue upon payment of a ransom.
5. •
   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. — 2011