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.]

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词条贡献者

资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。