clog on the equity of redemption

clog on the equity of redemption. An agreement or condition that prevents a defaulting mortgagor from getting back the property free from encumbrance upon paying the debt or performing the obligation for which the security was given. See EQUITY OF REDEMPTION. [Cases: Mortgages 591(3). C.J.S. Mortgages §§ 997–998, 1000, 1003, 1005.]
专业法律词汇 词条贡献者
译员海燕,毕业于法国顶尖的高级翻译学院,专注翻译各种与破产对抗诉讼有关的法律文件。
Scroll to Top