EQUITY OF REDEMPTION


Meaning of EQUITY OF REDEMPTION in English

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 value of such interest

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.