redemption

Vocabulary Word

Definition

'Redemption' means to make up for a past mistake or failure. It's like when a company improves its product after previous criticism.

Examples in Different Contexts

In corporate finance, managing 'redemption' of securities is vital for debt servicing. A finance director might say, 'Effective handling of bond redemption is crucial to maintain our credit standing and secure favorable terms in future financings.'

Practice Scenarios

Creative

Scenario:

The public response to our new range has been utterly fantastic. It seems we've really tapped into something powerful here.

Response:

That's a great point. Indeed, our creativity has got its redemption. Let's continue to fuel innovation in our upcoming projects.

Impact

Scenario:

The recent annual report shows significant progress in reversing the damage to our local habitats. It seems our conservation strategy is working well.

Response:

The redemption of our local ecosystem is indeed underway. I'm excited by the positive development and let's keep up the momentum.