right of redemption
: the right to regain ownership of property by freeing it from a debt, charge, or lien (as by paying to the creditor what is due to release the secured property); specifically : a mortgagor's statutory right to redeem after a judicial foreclosure and sale
Learn More about right of redemption
Dictionary: Definition of right of redemption
Seen and Heard
What made you want to look up right of redemption? Please tell us where you read or heard it (including the quote, if possible).