HomeTermsCompareFinance RedemptionThe definition for Redemption:The process of canceling a defeasable title to land, such as is created by a mortgage foreclosure or tax sale. Similar MatchesRedemption PeriodRedemption PeriodA time period during which a mortgage, landcontract, deed of trust, etc., can be redeemed. Usually set by statute, and after judicial foreclosure. Click to compare definitions of Redemption Click to view definitions beginning re |