ALL meanings of equity of redemption
- 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