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right of redemption N ECON LAW

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Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments.
en.wikipedia.org
To keep the right of redemption, the debtor may be able to petition the court for an injunction.
en.wikipedia.org
If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt.
en.wikipedia.org
It is not necessary or proper to consider any question involved in any right of redemption.
en.wikipedia.org
The formula will be more than likely a loan with the right of redemption.
blogs.soccernet.com

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