What is the term for the act of regaining possession of something in exchange for payment?

• A. Redemption
• B. Reclamation
• C. Recovery
• D. Retrieval

Answer: (A)

Redemption is the act of regaining possession by exchanging value. It captures the idea of turning in something for payment or value to obtain possession again—like redeeming a voucher, coupon, or prize for cash or goods. In gambling and broader finance, redemption describes cashing in an issued instrument or voucher at its value, or reclaiming a prize by paying the required amount.

Reclamation focuses on reclaiming something lost or taken, often land or resources. Recovery is about returning to a previous state or regaining something after loss, not necessarily through payment. Retrieval is simply getting something back, without the implied exchange of payment. That combination of paying or exchanging value to regain possession makes redemption the best fit.