equity of redemption

noun

The advantage, allowed to a mortgager, of a certain or reasonable time to redeem lands mortgaged, after they have been forfeited at law by the non-payment of the sum of money due on the mortgage at the appointed time.

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Meanings

nounequity of redemption (uncountable)
  1. uncountablelawThe advantage, allowed to a mortgager, of a certain or reasonable time to redeem lands mortgaged, after they have been forfeited at law by the non-payment of the sum of money due on the mortgage at the appointed time.

    This reasonable advantage, allowed to mortgagors, is called the equity of redemption : and this enables a mortgagor to call on the mortgagee , who has possession of his estate , to deliver it back and account for the rents and profits received

    1765–1769, William Blackstone, Commentaries on the Laws of England, (please specify |book=I to IV), Oxford, Oxfordshire: […] Clarendon Press, →OCLC
Cite this entry
APA

equity of redemption. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/equity%20of%20redemption

MLA

“equity of redemption.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/equity%20of%20redemption. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “equity of redemption,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/equity%20of%20redemption.

Source: equity of redemption on Wiktionary, CC BY-SA 4.0.