Redeemable Rights - Law Dictionary Search Results
Home Dictionary Name: redeemable rightsRedeemable rights
Redeemable rights, rights which return to the conveyor or disposer of land, etc., upon payment of the sum for which such rights are granted....
redeem
redeem 1 a : repurchase b : to repurchase by right and not on the open market [ preferred shares] 2 a : to free from a lien or pledge usually by payment of the amount secured thereby [ collateral] b : to exercise an equity of redemption in (real property) by payment in full of a mortgage debt after default but prior to a foreclosure becoming effective [a right to property prior to the actual sale under a judgment of foreclosure "Bowery Sav. Bank v. Harbert Offset Corp., 558 N.Y.S.2d 821 (1990)"] see also equity of redemption c : to exercise a right of redemption in (real property) within the period set by law by a repurchase that voids the effect of foreclosure or sale see also right of redemption NOTE: A mortgagor with a right of redemption might redeem property within the set period following a foreclosure sale by paying the new purchaser the purchase price, interest, taxes, and lawful charges. d : to remove the obligation of by payment (as at maturity) [ a bond] 3 a : to...
right of redemption
right of redemption :the right to regain ownership of property by freeing it from a debt, charge, or lien (as by paying to the creditor what is due to release the secured property) ;specif : a mortgagor's statutory right to redeem after a judicial foreclosure and sale ...
foreclosure
foreclosure 1 : a legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem, right of redemption, statutory foreclosure, strict foreclosure 2 : the extinguishment (as under the provisions of Article 9 of the Uniform Commercial Code) of the rights of a debtor in personal property subject to a security interest by judicial proceedings and esp. by judicial sale see also strict foreclosure ...
redeemable
redeemable : capable of being redeemed ;specif : subject to redemption before maturity or after a specified time and usually with payment of an added premium [a bond] [ preferred stock] ...
Redeemable
Capable of being redeemed subject to repurchase held under conditions permitting redemption as a pledge securing the payment of money is redeemable...
Redeemableness
The quality or state of being redeemable redeemability...
Redeemability
Redeemableness...
Redeemer
One who redeems...
Redeem
Redeem, means to exchange for something (as real property), Hausman v. Dayton, 653 NE 2d. 1190 (1995).Means to exercise an equity to redemption in (real property) by payment in full of a mortgage debt after default but prior to a foreclosure becoming effective, Bowery Sav Bank v. Harbert Offset Corp., 558 NYS 2d 821 (1990)....
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