MLchartDataset catalogue

redemption

Term · Law · MLC-T-LAW-000192

A procedure in a Chapter 7 case whereby a debtor removes a secured creditor's lien on collateral by paying the creditor the value of the property. The debtor may then retain the property.

Table 1. Record
IdentifierMLC-T-LAW-000192
FieldLaw
ReferencesU.S. Courts Glossary of Legal Terms
See alsoredeem
Record as JSON 
{
  "id": "MLC-T-LAW-000192",
  "term": "redemption",
  "field": "Law",
  "definition": "A procedure in a Chapter 7 case whereby a debtor removes a secured creditor's lien on collateral by paying the creditor the value of the property. The debtor may then retain the property.",
  "see_also": [
    "redeem"
  ],
  "references": [
    "U.S. Courts Glossary of Legal Terms"
  ],
  "url": "https://mlchart.com/terminology/law/redemption/"
}

Record 192 of 241 in Law terminology (MLC-0107). Request the full dataset.