equity of redemption

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noun

the right of a mortgagor to redeem the property by paying the debt, even after default in payment of the sum owed.

the interest of an owner of land subject to a mortgage.

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Origin of equity of redemption

First recorded in 1705–15

Words nearby equity of redemption

equities, equitoxic, equity, equity capital, equity-linked policy, equity of redemption, equity security, equity stock, equity weighting, equiv., equivalence

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use equity of redemption in a sentence

The Dallas Cowboys sell out their state-of-the art football stadium.
Will Texas Stay Texan?|David Fontana|December 29, 2014|DAILY BEAST
We happily hoist our egg nog in the air, embrace each other, and raise our out-of-tune voices in song.
The Most Confusing Christmas Music Lyrics Explained (VIDEO)|Kevin Fallon|December 24, 2014|DAILY BEAST
DISH delivers a one-of-a-kind entertainment experience to every room of your home, wirelessly.
Four TV Shows We Can’t Wait to Return In 2015|DISH|December 22, 2014|DAILY BEAST
The company recently partnered with Oakley to create a one-of-a-kind single malt Scotch flask.
The Restaurant, Flask, And Photography Worthy of The Macallan Whisky||December 16, 2014|DAILY BEAST

A much larger number are immediately separated from their infants, who are typically placed in some form of out-of-home care.
The GOP’s Hidden Ban on Prison Abortions|Harold Pollack|December 13, 2014|DAILY BEAST
You never know when you are going to stumble upon a jewel in the most out-of-the-way corner.
Music-Study in Germany|Amy Fay
At the same time no gold is paid out in redemption of notes, nor is it allowed to be exported.
Readings in Money and Banking|Chester Arthur Phillips
Hence, at the end of the war, the provision for redemption of Bank of England notes will work automatically.
Readings in Money and Banking|Chester Arthur Phillips
But Lessard's a overbearin' son-of-a-gun all round, and he's always breakin' out in a new place.
Raw Gold|Bertrand W. Sinclair
Mr. Slocum was not educated in a university, and his life has been in by-paths, and out-of-the-way places.
The Book of Anecdotes and Budget of Fun;|Various

British Dictionary definitions for equity of redemption

equity of redemption

noun

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 overdueSee also foreclose

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012