Meaning

noun (theology) the act of delivering from sin or saving from evil

noun repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)

noun the act of purchasing back something previously sold

originFrom Middle English redempcioun, from Old French redemption, from Latin redemptio. Doublet of ransom. Displaced native Old English ālīesung, ālīesnes.

Etymology from Wiktionary, CC BY-SA 3.0