EQUITY OF REDEMPTION

A mortgagor’s total ownership value, or rights, in a mortgaged investment, property or asset. Refer to extinguishment of equity of redemption, and right of redemption.

More On This Topic



Link to This Definition
Did you find this definition of EQUITY OF REDEMPTION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary