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redemption (n.)

mid-14c., redemcioun, "deliverance from sin," from Old French redemcion (12c.) and directly from Latin redemptionem (nominative redemptio) "a buying back or off, a releasing, a ransoming" (also "bribery"), noun of action from past-participle stem of redimere "to redeem, buy back," from red- "back" (see re-) + emere "to take, buy, gain, procure" (from PIE root *em- "to take, distribute").

The -d- is from the Old Latin habit of using red- as the form of re- before vowels, as also preserved in redact, redolent, redundant. The general sense of "release, repurchase, deliverance" is from late 15c. Commercial sense is from late 15c. Year of Redemption as "Anno Domini" is from 1510s. In the Mercian hymns, Latin redemptionem is glossed by Old English alesnisse.

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Definitions of redemption from WordNet

redemption (n.)
(theology) the act of delivering from sin or saving from evil;
Synonyms: salvation
redemption (n.)
repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock);
redemption (n.)
the act of purchasing back something previously sold;
Synonyms: repurchase / buyback
From wordnet.princeton.edu