redeem

Definitions

General English

Banking

Economics

  • verb to buy back an item given as security on a loan
  • verb to exchange something such as a security or voucher for money

Law

Origin & History of “redeem”

The -deem is not the same word as deem (which is related to doom). In fact, there never was a true -deem in it. It comes from Latin emere ‘take, buy’ (source also of English example, prompt, etc), which when combined with the prefix re- ‘again, back’ had a d grafted into it to produce redimere ‘buy back’. English probably acquired it via French rédimer.
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