redemption period


The period during which a borrower may reclaim the title and possession of property by paying the debt it secured.

Use redemption period in a sentence

He hoped that he would be able to raise the correct amount of money while the property was still in the redemption period.

​ Was this Helpful? YES  NO 9 people found this helpful.

The redemption period for reclaiming his house was almost up and he certainly did not yet have the money available to pay off what he owed.

​ Was this Helpful? YES  NO 5 people found this helpful.

Finally, since he had scrounged up enough money with his second job, he was able to pay off the property lien well into the redemption period.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
redemption mechanism certificate of sale