The Levites always have the right to redeem their houses in the Levitical towns, which they possess.

然而利末人所得为业的城邑，其中的房屋，利末人可以随时赎回。

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In a hard lock-up, investors have no right to redeem before their time is up; in a soft lock-up, they can get out early but have to pay a redemption fee of, say, 3-5%.

在硬性期权锁定中，投资者在到期之前无权赎回其投入的资金；在软性期权锁定中，他们能够早早的退出但不得不支付据说有3 - 5%的赔偿金。

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If the enterprise loses the right to redeem the collateral, it shall stop recognizing the collateral and the transferee shall recognize the collateral as an asset at its fair value.

企业违约，丧失了赎回担保物权利的，应当终止确认该担保物；转入方应当按照公允价值将该担保物确认为一项资产。

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