equity of redemption


  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.


  1. property law the right that a mortgager has in equity to redeem his property on payment of the sum owing, even though the sum is overdueSee also foreclose

Leave a Reply

Your email address will not be published. Required fields are marked *

53 queries 1.381