A redemption suspension is a temporary measure whereby investors in a fund are unable to withdraw, or "redeem," the capital they invested in the fund. The term is mostly associated with hedge funds, which often reserve the right to impose redemption suspensions under certain rare circumstances
https://www.investopedia.com/terms/r/redemptionsuspension.as...
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Suspension of Right of Redemption. If, as referred to in Section 2 of this Article, the Trustees postpone payment of the redemption price and suspend the right of Shareholders to redeem their Shares, such suspension shall take effect at the time the Trustees shall specify, but not later than the close of business on the business day next following the declaration of suspension. Thereafter Shareholders shall have no right of redemption or payment until the Trustees declare the end of the suspension. If the right of redemption is suspended, a Shareholder may either withdraw his request for redemption or receive payment based on the Net Asset Value per Share next determined after the suspension terminates.
https://www.lawinsider.com/clause/suspension-of-right-of-red...

The suspensions of redemptions during the COVID‑19 crisis – a case for pre-emptive liquidity measures?

https://www.ecb.europa.eu/pub/financial-stability/macroprude...

Declaring a full suspension of redemptions to investors may cause reputational harm to a fund, and potentially affect its ability to raise
https://www.cov.com/en/news-and-insights/insights/2020/05/fu...