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re·demp·tion: noun

1. The act of redeeming or the condition of having been redeemed.
2. Recovery of something pawned or mortgaged.
3. The payment of an obligation, as a government's payment of the value of its bonds.
4. Deliverance upon payment of ransom; rescue.
5. Christianity. Salvation from sin through Jesus's sacrifice

[Middle English redempcioun, from Old French redemption, from Latin redēmptiō, redēmptiōn-, from redēmptus, past participle ofredimere, to redeem. See redeem.]

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