EQUITY OF REDEMPTION


Meaning of EQUITY OF REDEMPTION in English

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 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .