Meaning Of The Word Equity of redemption
What's the definition of Equity of redemption? Find Equity of redemption meanings, definitions and more at the Real Dictionary online.
Equity of redemption Meaning
| Equity of redemption Definition |
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What's The Definition Of Equity of redemption?
equity of redemption in American English
the right of a mortgagor in default to redeem the mortgaged property by paying the principal, interest, and costs within a specified reasonable time noun: the right of a mortgagor to redeem the property by paying the debt, even after default in payment of the sum owed equity of redemption in British English noun: the right that a mortgager has in equity to redeem his or her property on payment of the sum owing, even though the sum is overdue |
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