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redemption
(redirected from redemptory)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia 0.01 sec.

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.


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


redemption 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.



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46) In this moment Hamlet himself, we might say, becomes something of an allegorist in a redemptory mode, finding a means to read the play's externalized, Trauerspielische succession of contingencies and accidents as part of a hidden divine drama--and inviting us to do the same.
After the horror movie that was Namibia, at the Stade Chaban Delmas came what was billed as the redemptory sequel against Georgia at the same venue.
Also redemptory, and often a footnote in his oeuvre, are the performances that accompany the launches of many of Graham's exhibitions.
 
 
 
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