The phrase "a redemption fee" is correct and usable in written English.
It can be used in contexts related to finance, loans, or services where a fee is charged for redeeming something, such as a voucher or a loan.
Example: "To retrieve your investment early, you will need to pay a redemption fee of 5%."
Alternatives: "a buyback fee" or "a retrieval charge."
He says that people who try to repay their mortgage early have to pay a redemption fee.
Again there's a catch; you'll be charged a redemption fee of £1.50 (Caxton FX), £10 (FairFX), £5 (My Travel Cash) and £6 (Travelex).
For example, Fidelity charges an exchange fee of $7.50 anytime an investor switches out of a sector fund, plus a redemption fee of 0.75percentt on the dollar amount of the trade for shares held 29 days or less.
The group had instituted a redemption fee to deter market timers but then allowed Canary Partners, a hedge fund, to time market trades without paying the 2percentt fee.
Cable suggested that just as people who try to repay their mortgage early have to pay a redemption fee, a similar mechanism could be introduced into the tuition fee system.
The legislation approved by the House bans short-term trading by fund insiders and permits funds to charge a redemption fee for short-term trading that is higher than the current maximum of 2percentt.
You pick up a card, pay a 7percentt redemption fee, and you're good to go with a bitcoin wallet from Blockchain.
Many sector-rotation strategies have begun to favor non-Fidelity sector funds, because Fidelity levies a 0.75percentt redemption fee if a Select fund is sold within 30 days of purchase.
But an investor who bought Class B shares of the fund on March 31 , 2001 and sold them two years later paid a 2percentt redemption fee, or $221, on a balance that was also diminished by market losses.
Vanguard's Mr Bogle argues that the rules should go even further, with a 2.30pm deadline for orders and a 2% redemption fee on shares that are sold within 30 days of purchase.
The Investment Company Institute has asked the Securities and Exchange Commission to impose a 2percentt redemption fee on short-term transactions across the industry, a request the commission is expected to consider next month.
