technical mortgage
A traditional, formal mortgage, as distinguished from an instrument having the character of an equitable mortgage. Cf. equitable mortgage.
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A traditional, formal mortgage, as distinguished from an instrument having the character of an equitable mortgage. Cf. equitable mortgage.
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technical mortgage 狭义的抵押;正式抵押(契据) 与只在某些方面具有衡平法抵押〔equitable mortgages〕特征的其他文书相区别。
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A transaction that has the intent but not the form of a mortgage, and that a court of equity will treat as a mortgage. Cf. technical mortgage.
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equity of redemption. Real estate. The right of a mortgagor in default to recover property before a foreclosure sale by paying the principal, interest, and other costs that are due. • A defaulting mortgagor with an equity of redemption has the right, until the foreclosure sale, to reimburse the mortgagee and cure the default. In
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