🇹🇷Türk hukuk bağlamı arıyorsanız bu kavramın Türkçe versiyonu:Redemption Rights (Geri Alım / İtfa Hakları) →
Redemption rights give preferred shareholders the option to force the company to repurchase their shares — typically at cost plus accrued dividends — after a defined period (often 5–7 years) if no liquidity event has happened. They serve as a backstop exit for funds facing their own end-of-life.
In practice redemption is often unenforceable when a company lacks distributable funds, and aggressive redemption can push a company toward distress. In Türkiye, share buybacks are constrained by Turkish Commercial Code limits on a company acquiring its own shares, so redemption mechanics must be structured carefully.