{"id":364513,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/redeem.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"redeem","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/redeem.html","title":{"rendered":"Redeem"},"content":{"rendered":"\n
\n

term:<\/p>\n

<\/h1>\n\n
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vt<\/p><\/dt>\n

1 a<\/b> :<\/b> repurchase <\/a>
b<\/b> :<\/b> to repurchase by right and not on the open market [ preferred shares]
2 a<\/b> :<\/b> to free from a lien or pledge usually by payment of the amount secured thereby [ collateral]
b<\/b> :<\/b> to exercise an equity of redemption in (real property) by payment in full of a mortgage debt after default but prior to a foreclosure becoming effective [a right to property prior to the actual sale under a judgment of foreclosure “Bowery Sav. Bank v. Harbert Offset Corp.<\/i>, 558 N.Y.S.2d 821 (1990)”] see also equity of redemption<\/a>
c<\/b> :<\/b> to exercise a right of redemption in (real property) within the period set by law by a repurchase that voids the effect of foreclosure or sale see also right of redemption<\/a> NOTE: A mortgagor with a right of redemption might redeem property within the set period following a foreclosure sale by paying the new purchaser the purchase price, interest, taxes, and lawful charges. <\/i>
d<\/b> :<\/b> to remove the obligation of by payment (as at maturity) [ a bond]
3 a<\/b> :<\/b> to present and have redeemed
b<\/b> :<\/b> to exchange for something of value
vi<\/i>
:<\/b> to redeem something (as real property) [failed to exercise its equity of redemption, and this part of the right to was therefore cut off “Hausman v. Dayton<\/i>, 653 N.E.2d 1190 (1995)”] <\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

What is ‘Redeem’? Learn more about legal terms and the law at FindLaw.com<\/p>\n","protected":false},"parent":358119,"menu_order":0,"template":"app\/Http\/Controllers\/Templates\/DictionaryArticleController.php","meta":{"_acf_changed":false,"_stopmodifiedupdate":false,"_modified_date":"","_autodraft_ids":[],"_cloudinary_featured_overwrite":false,"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_show_comment_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","cf_checklist_status":[]},"dictionary_tags":[],"class_list":["post-364513","dictionary","type-dictionary","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary\/364513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary"}],"about":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/types\/dictionary"}],"up":[{"embeddable":true,"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary\/358119"}],"wp:attachment":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/media?parent=364513"}],"wp:term":[{"taxonomy":"dictionary_tags","embeddable":true,"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary_tags?post=364513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}