right of redemption

Legal Definition of 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

Share right of redemption

Comments on right of redemption

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

WORD OF THE DAY

a flaw that causes the downfall of a hero

Get Word of the Day daily email!

Test Your Vocabulary

A Green Quiz

  • shamrock
  • What is the best definition of green-eyed monster?
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

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!