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单词 equity of redemption
释义

Definition of equity of redemption in English:

equity of redemption

noun
mass nounLaw
  • The right of a mortgagor over the mortgaged property, especially the right to redeem the property on payment of the principal, interest, and costs.

    Example sentencesExamples
    • Now, are we to assume in this case that the indebtedness was so serious that there was no equity of redemption left?
    • On a sale by the receiver, its equity of redemption, if any, is transferred to the proceeds of sale remaining after the holder of the charge is fully paid.
    • There is no equity of redemption or specifically enforceable right for the seller to have the securities returned: the agreement simply provides a right to have equivalent securities.
    • Secondly, once a transaction is identified as a mortgage, the courts ensure that there are no clogs or fetters on the equity of redemption unduly prejudicing the mortgagor.
    • The mortgagor may, therefore, be well advised to protect his equity of redemption by serving a ‘stop notice’ on the company.
 
 

Definition of equity of redemption in US English:

equity of redemption

nounˌekwədē əv rəˈdem(p)SHən
Law
  • The right of a mortgagor over the mortgaged property, especially the right to redeem the property on payment of the principal, interest, and costs.

    Example sentencesExamples
    • On a sale by the receiver, its equity of redemption, if any, is transferred to the proceeds of sale remaining after the holder of the charge is fully paid.
    • The mortgagor may, therefore, be well advised to protect his equity of redemption by serving a ‘stop notice’ on the company.
    • There is no equity of redemption or specifically enforceable right for the seller to have the securities returned: the agreement simply provides a right to have equivalent securities.
    • Secondly, once a transaction is identified as a mortgage, the courts ensure that there are no clogs or fetters on the equity of redemption unduly prejudicing the mortgagor.
    • Now, are we to assume in this case that the indebtedness was so serious that there was no equity of redemption left?
 
 
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更新时间:2024/11/11 0:41:37