equity of redemption

: the right of a defaulting mortgagor to redeem the mortgaged property before an absolute foreclosure
: the interest or estate remaining to a mortgagor in mortgaged property
also : the value of such interest

Dictionary Entries Near equity of redemption

Cite this Entry

“Equity of redemption.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/equity%20of%20redemption. Accessed 3 Oct. 2023.

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