Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The right of one with mortgaged property to recover the property after it has been foreclosed upon for breach of the terms of the mortgage by complying with the terms (such as payment of the amount owed) within a reasonable time.
Etymologies
Sorry, no etymologies found.
Support
Help support Wordnik (and make this page ad-free) by adopting the word equity of redemption.
Examples
Sorry, no example sentences found.
Comments
Log in or sign up to get involved in the conversation. It's quick and easy.