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
Dictionary Entries Near equity of redemption
Cite this Entry
“Equity of redemption.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/equity%20of%20redemption. Accessed 25 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share