Generally, redemption on the same day is faster, and redemption is defined as property exchange and foreclosure. Generally used in the economic field, it refers to funds. The applicant sells the fund shares in his hand at the published price and recovers the cash, which is customarily called fund redemption. Redemption of the fund is selling.
Fund, broadly speaking, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. In a narrow sense, it refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.