| 释义 |
`1`equity of redemption`2`
"LAW.COM Dictionary":
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.
See also: foreclosure mortgage redemption |