What is the definition of Equity of redemption? | Dictionary.net

EQUITY OF REDEMPTION

\ˈɛkwɪti ɒv ɹɪdˈɛmpʃən], \ˈɛkwɪti ɒv ɹɪdˈɛmpʃən], \ˈɛ_k_w_ɪ_t_i_ ɒ_v ɹ_ɪ_d_ˈɛ_m_p_ʃ_ə_n]\

Definitions of EQUITY OF REDEMPTION

1899 - The american dictionary of the english language.

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In law, the advantage allowed to a mortgager of a reasonable time to redeem lands mortgaged, when the estate is of greater value than the sum for which it was mortgaged.

1899 - The american dictionary of the english language.
By Daniel Lyons

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