RE-DEMPTION


Meaning of RE-DEMPTION in English

( n. )

The liberation of an estate from a mortgage, or the taking back of property mortgaged, upon performance of the terms or conditions on which it was conveyed; also, the right of redeeming and reentering upon an estate mortgaged. See Equity of redemption, under Equity.

Webster's Revised Unabridged English Dictionary.      Пересмотренный полный словарь английского языка Webster.