Sentence examples for redemption request from inspiring English sources

So instead of redeeming the pension systems' interest with cash, Fletcher issued a promissory note equal to the amount of each pension system's redemption request.

Instead of redeeming the pension systems' interest with cash, Mr. Fletcher issued a promissory note equal to the amount of each pension system's redemption request.

Mr. Greene said that as soon as he learned that his fund was in trouble, he submitted a redemption request to Bear Stearns, through his broker.

Under the firm's rules, SAC clients have until Feb. 14 to ask for their money back, and then cannot make another so-called redemption request for another three months.

That means if a client put in a so-called redemption request on Thursday, it would receive its money back in quarterly installments beginning March 31, and would get its last dollar out on Dec. 31.

Goldman advised the trustee not to honor it, saying that the contract it had struck with UPMC required 30 days to pass before a redemption request could be honored.

The bulk of those redemption requests came in the last two weeks.

The Financial Times reported the redemption requests on Friday.

Yet by the end of the day redemption requests totalled more than $20 billion.

The number will probably be higher once the redemption requests made on Tuesday are tallied.

When investors panic, the redemption requests can quickly exhaust the funds' cash on hand.