kiváltású

The Hungarian word "kiváltású" translates to "redeemable" or "convertible" in English. It is a term used in finance and legal contexts to describe a financial instrument or right that can be exchanged for something else of value, typically under specific conditions.

In finance, a kiváltású security might refer to a bond that can be redeemed before its maturity date, or a warrant that allows the holder to purchase shares of stock at a predetermined price. The term implies that the holder has the right to "call away" or "buy out" an asset or obligation, often for a set value. This can provide flexibility for investors or issuers.

Legally, "kiváltású" can describe a right of redemption, such as in property law where a mortgagor might have the right to redeem their property after a foreclosure sale within a specified period. The core concept is the ability to regain ownership or discharge an obligation by fulfilling certain requirements, usually involving a payment. The specific conditions and timelines for such redemption are typically outlined in contracts or legal statutes.