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foreclosure

legal proceeding that bars or extinguishes a mortgagor's equity of redemption in mortgaged real property see also deficiency judgment at judgment,

Reconveyance

Reconveyance. See PROVISO FOR REDEMPTION; MORTGAGE. The restoration or return of something (esp. an estate

Feu, or few

in consideration of a perpetual annual payment. As to the redemption and extinction of incidents to feus in Scotland, see the

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Foreign security

currency and includes securities expressed in for-eign currency, but where redemption or any form of return such as interest or dividends

Further advance, or charge

the subsequent mortgagees agree to it. See also EQUITY OF REDEMPTION. S. 94 of the Law of Property Act, 1925, does

Marshalling

same person and afterwards deals separately with the equity of redemption in one or more of the properties either by way

Originating summons

and purchasers (see VENDOR AND PURCHASER SUMMONS); for foreclosure or redemption of mortgages; for determining questions of construction of a written

Pawn or Pledge

the title becomes absolute at law although equity allows a redemption. But in a pledge, a special property only passes to

Power

sell estates, as in the instance of the Land Tax Redemption Acts, are both Common Law authorities. The estate passed by

Rachetum

Rachetum [fr. redimo, Lat.], the compensation or redemption of a thief.

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