| 词汇 | equity of redemption |
| 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 |
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