Redeem
Term · Law · MLC-T-LAW-004173
To repurchase or recover something that has been pledged or mortgaged, by paying the debt or fulfilling the obligation. This action restores full ownership or clear title to the original party. For example, a homeowner can redeem their property by paying off the outstanding mortgage.
| Identifier | MLC-T-LAW-004173 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004173",
"term": "Redeem",
"field": "Law",
"definition": "To repurchase or recover something that has been pledged or mortgaged, by paying the debt or fulfilling the obligation. This action restores full ownership or clear title to the original party. For example, a homeowner can redeem their property by paying off the outstanding mortgage.",
"url": "https://mlchart.com/terminology/law/redeem/"
}
Record 4,228 of 5,439 in Law terminology (MLC-0107). Request the full dataset.