redemption

redemption
A recovery back of property by payment of money or performance or other condition. A regaining of property taken from one, as under a mortgage, by paying what is due. Miller v Rafterman, 47 Ohio St 141, 156, 24 NE 496. The obtaining of pledged property by the pledgor from the pledgee upon payment, or tender of payment, of the debt secured by the pledge. 41 Am J1st Pldg & Col § 103. A right granted by statute to the owner, junior lienor, or other person interested in property sold at judicial sale of regaining the property from the purchaser by payment or performance of other conditions prescribed by the statute. 30A Am J Rev ed Jud S §§ 232 et seq. The obtaining by the debtor in execution, lienor, or other person interested of property sold under the writ upon compliance with the conditions prescribed by statute, especially the payment of the amount paid by the purchaser with interest thereon. 30 Am J2d Exec § 522. The equitable right of the mortgagee under a chattel mortgage, or one in privity with him, to obtain the property upon satisfaction of the debt secured, even after condition broken. 15 Am J2d Chat Mfg § 239. The obtaining of one's impounded animal upon payment of the damages caused by it to the property of another and the expenses of impounding and care of the animal. 4 Am J2d Am § 44. The right to redeem from a mortgage after a foreclosure sale thereunder is purely statutory, and can be exercised only by those to whom it is given by the statute, and in the method prescribed by the statute conferring the right. 37 Am 3 J1st Mfg § 823. See equity of redemption.

Ballentine's law dictionary. . 1998.

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  • Redemption — • The restoration of man from the bondage of sin to the liberty of the children of God through the satisfactions and merits of Christ Catholic Encyclopedia. Kevin Knight. 2006. Redemption     Redemption …   Catholic encyclopedia

  • rédemption — [ redɑ̃psjɔ̃ ] n. f. • 980; lat. ecclés. redemptio, de redimere « racheter » → rançon 1 ♦ Relig. chrét. Rachat du genre humain par le Christ, rédempteur des hommes. ⇒ rachat, salut. Le mystère de la Rédemption. Cour. Action, fait de racheter qqn …   Encyclopédie Universelle

  • Redemption — may refer to:In economics:* Redemption value, price of a security before its maturity dateIn religion: * Redemption, a concept referring to forgiveness or absolution for past sins and/or protection from damnation * In Judaism, Pidyon HaBen –… …   Wikipedia

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  • Redemption — (engl.) oder Rédemption (franz.), zu deutsch „Erlösung“ ist Titel bzw. Titelbestandteil: des Poème Symhonique „Rédemption“ des französischen Komponisten César Franck eines Reggae Songs von Bob Marley the Wailers, siehe Redemption Song eines… …   Deutsch Wikipedia

  • redemption — re·demp·tion /ri demp shən/ n: the act, process, or fact of redeeming see also equity of redemption, right of redemption re·demp·tive / demp tiv/ adj Merriam Webster’s Dicti …   Law dictionary

  • redemption — Redemption. s. f. v. Rachat. Ce terme est consacré, pour signifier, Le rachat du genre humain par Nostre Seigneur Jesus Christ. Dieu a envoyé icy bas son fils pour la redemption des hommes, pour nostre redemption. le Fils de Dieu a operé nostre… …   Dictionnaire de l'Académie française

  • Redemption 87 — was a short lived East Bay hardcore punk band containing ex members of Unit Pride, Skankin Pickle, and Token Entry, and contained future members of AFI and the Nerve Agents.Their goal was to reclaim hardcore from the crossover heavy metal music… …   Wikipedia

  • redemption — Buying back. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • redemption — (n.) mid 14c., deliverance from sin, from L. redemptionem (nom. redemptio) a buying back, releasing, ransoming, noun of action from pp. stem of redimere to redeem, buy back, from re back (see RE (Cf. re )) + emere to take, buy, gain, procure (see …   Etymology dictionary

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