equity of redemption

Legal Definition of 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

Comments on equity of redemption

What made you want to look up equity of redemption? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

gritty

showing courage and determination

Test Your Vocabulary

Words for Summer: A Quiz

Which of the following words means “of or relating to summer”?

How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ

Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ