equity of redemption


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. 2015.

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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 — 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] * * * …   Universalium

  • 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 …   Australian English dictionary

  • 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