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The liberation of an estate in real property from a mortgage.

Redemption is the process by which land that has been mortgaged or pledged is bought back or reclaimed. It is accomplished through a payment of the debt owed or a fulfillment of the other conditions.


n. the act of redeeming, buying back property by paying off a loan, interest and any costs of foreclosure. (See: redeem)


noun deliverance, indemnification, recovery, release, reparation, replevin, repossession, repurchase, rescue, restoration, retrieval, return, salvation
Associated concepts: right of redemption
See also: discharge, freedom, indemnification, indemnity, liberation, payment, progress, ransom, recovery, rehabilitation, replevin, restitution, salvage

REDEMPTION, contracts. The act of taking back by the seller from the buyer a thing which had been sold subject to th right of repurchase.
     2. The right of redemption then is an agreement by which the seller reserves to himself the power of taking back the thing sold by returning the price paid for it. As to the fund out of which a mortgaged estate is to be redeemed, see Payment. Vide Equity of redemption.

References in periodicals archive ?
Elegizing this unsung yet redemptively best-selling, creative soul, Wolfe seems to be vicariously nursing his grudge against meanies who dismiss his own ecriture as merely popular and not serious Art.
At the center of the poem, he notes, is a silent ruin, symbolic of inarticulate suffering, that resists, even as it redemptively elicits, fluency of moral reflection (Fateful Question of Culture 69-70).
and as redemptively uplifting as Miles Ahead or any of his best music, which kept on changing for nearly five decades of development in America's classical music, starting with the Birth of the Cool.
But Guillen and Banderas are also seen, redemptively, as stars performing roles like those of other stars, Spanish and American, demanding from their audience a basic if complex love-hate reaction, while they teeter, with the other male characters, 'on the verge [.
But he found in Biblical tradition a call to take whatever risks are necessary to live out one's belief and trust that God is redemptively involved in the concrete events of history, yet without the assurance or the claim that God supports the particular cause we might espouse.
Thus, contrary to the great number of critics who read the ending of Milton redemptively,(26) the repetition of an apocalypse--traditionally, an end to time and a "beginning" of eternity--in Milton suggests that the apocalypse with which the text closes, the liminal site between time and eternity, is no more than a production, and re-production of a desire for historical and textual closure that the text of Milton has already foreclosed.
It could go further than this: Christ took on the attributes of human beings in order to suffer redemptively.
As is the case with Dickey's animals in many of his poems, such as "Approaching Prayer," "Eagles," "Reincarnation I and II," and "The Sheep Child," the snake now functions redemptively by assuming the role of what is a shamanic commonplace in anthropological literature, namely, a power animal.
In this needful state of mind, "dazzled" by the juxtaposition of the "green-glooming twilight" of his protective shade with the "living fire of emeralds" beyond, Pelleas is "Suddenly waken'd" to the sight he so desires redemptively to see:
Reference began to be made to particular sections in the 1966 World Mission policy that called for mutual respect between Christian and non-Christian religions and acknowledged that "God is creatively and redemptively at work in the religious life of all mankind.
To the extent that this encyclical, and Christian theology in general, move toward transformative social engagement as necessary to Christian identity and the theological virtues, they imply and require a theology of the incarnate and risen Christ as redemptively present to social and political relationships and structures.
When asked how one's works can be used redemptively, Hubmaier posited the following answer: "That is due to his gracious kindness.