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equity of redemption |
Also found in: Legal, Financial, Wikipedia | 0.01 sec. |
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equity of redemption n (Law) Property law the right that a mortgager has in equity to redeem his property on payment of the sum owing, even though the sum is overdue See also foreclose Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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