equity of redemption
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
The borrower's right to recover mortgaged property by paying off the debt.
Even after default, his equity of redemption survived right up to the moment of sale.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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