Redeem

1. v. t. To pay the penalty of; to make amends for; to serve as an equivalent or offset for; to atone for; to compensate; as, to redeem an error.
2. v. t. To purchase back; to regain possession of by payment of a stipulated price; to repurchase.
3. v. t. To recall, as an estate, or to regain, as mortgaged property, by paying what may be due by force of the mortgage.
4. v. t. To regain by performing the obligation or condition stated; to discharge the obligation mentioned in, as a promissory note, bond, or other evidence of debt; as, to redeem bank notes with coin.
5. v. t. To ransom, liberate, or rescue from captivity or bondage, or from any obligation or liability to suffer or to be forfeited, by paying a price or ransom; to ransom; to rescue; to recover; as, to redeem a captive, a pledge, and the like.
6. v. t. Hence, to rescue and deliver from the bondage of sin and the penalties of God’s violated law.
7. v. t. To make good by performing fully; to fulfill; as, to redeem one’s promises.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.