The equity of redemption refers to the right of a mortgagor in law to redeem his or her property once the liability secured by the mortgage has been discharged.
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Famous quotes containing the words equity and/or redemption:
“If equity and human natural reason were allowed there would be no law, there would be no lawyers.”
—Christina Stead (1902–1983)
“Industrial societies turn their citizens into image-junkies; it is the most irresistible form of mental pollution. Poignant longings for beauty, for an end to probing below the surface, for a redemption and celebration of the body of the world. Ultimately, having an experience becomes identical with taking a photograph of it.”
—Susan Sontag (b. 1933)