The phrase "redemption period" refers to a specific timeframe given to someone or something to correct or improve a situation. It is an opportunity to make amends or recover from a mistake or failure.
Sentences with «redemption period»
In some cases the power of sale can happen within weeks, but you will generally have a 35 day redemption period. (flipping4profit.ca)
Spend your Fashion Dollars online during the specified redemption period by entering the coupon code you received by email at check out. (additionelle.com)
This has shortened the current home owner's foreclosure redemption period by two months. (debtkid.com)