- equity of redemption
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1. the right of a mortgagor to redeem the property by paying the debt, even after default in payment of the sum owed.2. the interest of an owner of land subject to a mortgage.[1705-15]
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Universalium. 2010.
equity of redemption
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equity of redemption — 1: the right of a defaulting mortgagor to redeem the mortgaged property before an absolute foreclosure 2: the interest or estate remaining to a mortgagor in mortgaged property; also: the value of such interest Merriam Webster’s Dictionary of Law … Law dictionary
equity of redemption — ˌequity of reˈdemption noun [uncountable] LAW FINANCE the right of someone who has borrowed money to buy property to keep their property even if they do not make repayments on the loan for a period of time, but then continue with repayments or… … Financial and business terms
Equity of redemption — Equity Eq ui*ty, n.; pl. {Equities}. [F. [ e]quit[ e], L. aequitas, fr. aequus even, equal. See {Equal}.] 1. Equality of rights; natural justice or right; the giving, or desiring to give, to each man his due, according to reason, and the law of… … The Collaborative International Dictionary of English
equity of redemption — n. the right of a mortgagor in default to redeem the mortgaged property by paying the principal, interest, and costs within a specified reasonable time … English World dictionary
Equity of redemption — The equity of redemption refers to the right of a mortgagor in law to redeem his property once the liability secured by the mortgage has been discharged.Historically, mortgages were made by the mortgagor executing a conveyance of legal title to… … Wikipedia
equity of redemption — The right, recognized by courts of equity from early times, of a mortgagor, following a breach of the condition of the mortgage, to redeem property from the forfeiture by discharging the obligation secured within a reasonable period; such right… … Ballentine's law dictionary
equity of redemption — noun Law the right of a mortgagor over the mortgaged property, especially the right to redeem the property on payment of the principal, interest, and costs … English new terms dictionary
equity of redemption — noun the right of a mortgagor to redeem the mortgaged property by paying the debt, within a certain time after the due date …
equity of redemption — /ˌekwɪti əv rɪ dempʃən/ noun a right of a mortgagor to redeem the estate by paying off the principal and interest … Dictionary of banking and finance
equity of redemption — 1. : the right of a mortgagor to redeem his property after the term of the mortgage has expired but before an absolute foreclosure has been authorized 2. : the interest or estate remaining to the mortgagor in property mortgaged by him or the… … Useful english dictionary
