Are You a Legal Professional?

FINDLAW LEGAL DICTIONARY

The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.

Equity Of Redemption

equity of redemption

1 : the right of a defaulting mortgagor to redeem the mortgaged property before an absolute foreclosure
2 : the interest or estate remaining to a mortgagor in mortgaged property
;also
: the value of such interest



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.