
Law Redemption in Court PDF Form


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People also ask
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What is the meaning of redemption in court?
: the right to regain ownership of property by freeing it from a debt, charge, or lien (as by paying to the creditor what is due to release the secured property) specifically : a mortgagor's statutory right to redeem after a judicial foreclosure and sale.
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What is redemption in simple words?
redemption noun (IN RELIGION) (especially in Christianity) an occasion when someone is saved from evil, suffering, etc. Religious concepts: forgiveness in religion.
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What is the meaning of redemption case?
Redemption is a right of the mortgagor by which the mortgaged property is kept secure and the property is returned to the mortgagor. The word redemption means to make free or get back the mortgaged property by paying mortgage debt.
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What is an example of redemption?
Redemption is the buying back of something. You might try for redemption by attempting to buy back a bike you sold, or you might attempt to buy back your soul after you steal someone else's bike.
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What does redeemed law mean?
redeem. v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (because of failure to make payments when due) has begun.
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What is a notice of redemption?
Redemption Notice means a notice in a form approved by the Directors by which a holder of Public Shares is entitled to require the Company to redeem its Public Shares.
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