Equity Of Redemption

Business, Legal & Accounting Glossary

Definition: Equity Of Redemption

What is the dictionary definition of Equity Of Redemption?

Dictionary Definition

n. the right of a mortgagor (person owing on a loan or debt against their real property), after commencement of foreclosure proceedings, to “cure” his/her default by making delinquent payments. The mortgagor also must pay all accumulated costs as well as the delinquency to keep the property.

Full Definition of Equity Of Redemption

An old-fashioned term for the total package of rights that a Mortgagor has to redeem his Mortgage against the Mortgagee. See rights of mortgagor for more details.

Cite Term

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Page URL
Modern Language Association (MLA):
Equity Of Redemption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/equity-of-redemption/.
Chicago Manual of Style (CMS):
Equity Of Redemption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/equity-of-redemption/ (accessed: September 23, 2021).
American Psychological Association (APA):
Equity Of Redemption. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/equity-of-redemption/

Definition Sources

Definitions for Equity Of Redemption are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.