Crossword Genius

Restored to favour, it is thought, again (8)

Ross

I believe the answer is:

redeemed

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This clue could be a double definition.

'restored to favour' is the first definition.
(I've seen this before)

'thought again' is the second definition.
Although both the answer and definition are past participle verbs, I can't understand how one could define the other.

'it is' acts as a link.

Can you help me to learn more?

(Other definitions for redeemed that I've seen before include "Restored to favour" , "Bought back from pawnbroker" , "Atoned for" , "Thought about the possibilities again" , "Bought out of pawn" .)

I've seen this clue in the Evening Standard.
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