/ˈreɪd/ (RAYD)

Definitions

1. verb

to redeem or pay back (a debt, obligation, etc.)

“The company will rede its loan by the end of the year.”

2. noun

a payment or restitution made for something (such as a fine, debt, or penalty)

“The rede for the traffic violation was paid immediately.”

3. noun

a payment or compensation for an injury, loss, or damage

“The rede for the damaged property was settled out of court.”