redemption premium

基本解释

Subscribers are required to redeem the premium from a designated address within the redemption period specified in the Redemption Letter.
客戶須於換領信內所列之換領限期內到指定之地址換領贈品。

Furthermore, upon the occurence of certain events, the interest rate applicable to the Senior Notes may become 11.0% per annum and the redemption premium may begin to apply prior to the fifth anniversary of the Closing.
FORBES: McGraw-Hill Unloads Education Business for $2.5 Billion
The Purchaser may redeem the Seller Notes, in whole or in part, at any time, at par, plus accrued and unpaid interest to the redemption date, plus, after the fifth anniversary of the Closing, a premium declining over time to zero.
FORBES: McGraw-Hill Unloads Education Business for $2.5 Billion