See: Call price
The price at which a bond or preferred stock can be redeemed by the... <a target=_blank href='http://www.finance-glossary.com/terms/redemption-price.htm?id=1228&ginPtrCode=00000&PopupMode=false' title='Read full definition of redemption price'>more</a>
Redemption Price is the price at which a bond can be bought back by the bond issuer before maturity date. In the case of mutual funds the redemption price is the price at which the mutual fund shares are redeemed by the fund.