Redeem 504 Absolutely Essential Words Lesson 36
/rɪˈdiːm/ (verb)
to trade in or exchange, buy something back, convert, cash in – compensate for, restore, make amends for, redress, make up for, save – set free, exempt, release, liberate, rescue, emancipate
Redeeming your mortgage
You may want to pay off your mortgage before the end of your term to sell your property or remortgage to a better deal elsewhere. Or you may have some money available and simply want to be mortgage free sooner.
Paying off your loan early in this way is called ‘redeeming’ your mortgage.
Source: http://www.n-ram.co.uk/
Antonyms: keep, arrest
Noun: redemption
Adjective: redemptive
Adjective: redeemable
