equity of redemption

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Definitions of equity of redemption words

noun equity of redemption the right that a mortgager has in equity to redeem his property on payment of the sum owing, even though the sum is overdue 0
noun equity of redemption the right of a mortgagor in default to redeem the mortgaged property by paying the principal, interest, and costs within a specified reasonable time 0
noun equity of redemption (law) The advantage, allowed to a mortgager, of a certain or reasonable time to redeem lands mortgaged, after they have been forfeited at law by the non-payment of the sum of money due on the mortgage at the appointed time. 0

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adjective

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preposition

conjunction

determiner

exclamation

A common word. It’s meaning is known to most children of preschool age. About 86% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

This diagram is provided by Google Ngram Viewer

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