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

双语律师Akira，国际知名法学院法律专业，擅长翻译各类与地产开发相关的法律文件。