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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
: the value of such interest

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

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