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.
Read more about Equity Of Redemption: Overview
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)
“Now when these things begin to take place, stand up and raise your heads, because your redemption is drawing near.”
—Bible: New Testament, Luke 21:28.