Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
When a person who did something bad, like Ghost Rider, does something good to make up for it, that's redemption. When your cousin Larry pays back that thousand dollars he borrowed over three years ago, that's also redemption (and a good way to keep the family on friendly terms). Redemption is the paying off of debt.