Bought back from pawn (8)

I believe the answer is:

redeemed

(Other definitions for redeemed that I've seen before include "Rescued, from hell or pawn" , "Thought about the possibilities again" , "Made up for; bought back" , "Bought out of pawn" , "exchanged tokens" .)

I've seen this clue in the Irish Times (Simplex) and The Irish Times.

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