redemption period

redemption period. The statutory period during which a defaulting mortgagor may recover property after a foreclosure or tax sale by paying the outstanding debt or charges. [Cases: Mortgages 599; Taxation 699. C.J.S. Mortgages §§ 1034–1037, 1039; Taxation §§ 1258–1264.]

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词条贡献者

法律翻译Terence，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与房地产与土地使用诉讼有关的法律文件。