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Translations for „equity of redemption“ in the English » Arabic Dictionary (Go to Arabic » English)

Monolingual examples (not verified by PONS Editors)

English
This right is referred to as the equity of redemption.
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The so-called equity of redemption always prevented the lender from seizing the property when the borrower could pay off the loan in full, even if the payment is late.
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In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
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The equity of redemption is itself recognised as a separate species of property, and can be bought, sold or even itself mortgaged by the holder.
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The depositor would retain an equity of redemption and all the rights which that implies.
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However, in modern times, extinguishing the equity of redemption (and leaving the mortgagee with absolute title to the property) ordinarily requires a court order in most jurisdictions.
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This right of the borrower is known as the equity of redemption.
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Historically the equity of redemption would naturally expire upon the mortgagor breaching the terms of repayment.
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