redeem
re·deem /ri-'dēm/ vt
b: to repurchase by right and not on the open market
redeem preferred shares
2 a: to free from a lien or pledge usu. by payment of the amount secured thereby
redeem collateral
b: to exercise an equity of redemption in (real property) by payment in full of a mortgage debt after default but prior to a foreclosure becoming effective
a right to redeem property prior to the actual sale under a judgment of foreclosureBowery Sav. Bank v. Harbert Offset Corp., 558 N.Y.S.2d 821 (1990) see also equity of redemption
c: to exercise a right of redemption in (real property) within the period set by law by a repurchase that voids the effect of foreclosure or sale see also right of redemption
◇ A mortgagor with a right of redemption might redeem property within the set period following a foreclosure sale by paying the new purchaser the purchase price, interest, taxes, and lawful charges.
d: to remove the obligation of by payment (as at maturity)
redeem a bond
3 a: to present and have redeemed
b: to exchange for something of value
vi: to redeem something (as real property)
failed to exercise its equity of redemption, and this part of the right to redeem was therefore cut offHausman v. Dayton, 653 N.E.2d 1190 (1995)

Merriam-Webster’s Dictionary of Law. . 1996.

redeem
I (repurchase) verb buy back, deliver, emancipate, get back, liberate, obtain, ransom, recall, recapture, reclaim, recoup, recover, regain, release, replevin, replevy, repossess, rescue, retrieve associated concepts: right to redeem II (satisfy debts) verb absolve, atone, compensate, do penance, expiate, give satisfaction, make amends, make up for, offset bad debts, propitiate, reform, satisfy, set straight, shrive, turn from sin III index buy, collect (recover money), cure, defray, discharge (pay a debt), disenthrall, extricate, free, fulfill, indemnify, liberate, liquidate (convert into cash), outbalance, pardon, purchase, purge (wipe out by atonement), reclaim, recoup (regain), recover, reform, refund, rehabilitate, renovate, repossess, rescue, restore (return), save (conserve)

Burton's Legal Thesaurus. . 2006


redeem
v.
To buy something back; to exchange a coupon or negotiable instrument for money; to clear a debt, such as a mortgage; for a corporation to buy back its own stock.
n.
redemption

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


redeem
To buy back property, as when a homeowner pays off a mortgage. (This typically happens when the homeowner faces foreclosure and pays off the original mortgage by refinancing or when someone in bankruptcy pays off a loan to keep an item of property.) A person who has pawned a possession may redeem the item by paying the loan and interest to the pawnbroker. (See also: redemption)
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy
Category: Bankruptcy, Foreclosure & Debt → Foreclosure
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

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. A person who has pawned a possession may redeem the item by paying the loan and interest to the pawnbroker.
   See also: foreclosure, mortgage, redemption

Law dictionary. . 2013.

Synonyms:

Look at other dictionaries:

  • Redeem — Re*deem (r?*d?m ), v. t. [imp. & p. p. {Redeemed}. ( d?md ); p. pr. & vb. n. {Redeeming}.] [F. r[ e]dimer, L. redimere; pref. red , re re + emere, emptum, to buy, originally, to take, cf. OIr. em (in comp.), Lith. imti. Cf. {Assume}, {Consume},… …   The Collaborative International Dictionary of English

  • redeem — re‧deem [rɪˈdiːm] verb [transitive] FINANCE 1. to pay off a loan or debt: • He intends to redeem the mortgage at the earliest opportunity. • When do you expect to redeem this …   Financial and business terms

  • redeem — [v1] recover possession buy back, buy off, call in, cash, cash in, change, cover, defray, discharge, exchange, get back, make good, pay off, purchase, ransom, recapture, reclaim, recoup, regain, reinstate, repay, replevin, replevy, repossess,… …   New thesaurus

  • Redeem — Allgemeine Informationen Genre(s) Alternative / Rock Gründung 2003 Website http://www.redeem.ch …   Deutsch Wikipedia

  • redeem — ► VERB 1) make up for the faults or bad aspects of. 2) (redeem oneself) make up for one s poor past performance or behaviour. 3) save from sin, error, or evil. 4) fulfil (a pledge or promise). 5) gain or regain possession of in exchange for… …   English terms dictionary

  • redeem — [ri dēm′] vt. [LME redemen < MFr redimer < L redimere < re(d) , back + emere, to get, buy < IE base * em , to take > Lith imù, OSlav imǫ, to take] 1. to buy back 2. to get back; recover, as by paying a fee 3. to pay off (a mortgage …   English World dictionary

  • redeem — (v.) early 15c., from M.Fr. redemer (see REDEMPTION (Cf. redemption)). Related: Redeemed; redeeming …   Etymology dictionary

  • redeem — deliver, *rescue, ransom, save, reclaim Analogous words: *free, liberate, release, emancipate, manumit: restore, *renew, renovate: *recover, regain …   New Dictionary of Synonyms

  • redeem — [[t]rɪdi͟ːm[/t]] redeems, redeeming, redeemed 1) VERB If you redeem yourself or your reputation, you do something that makes people have a good opinion of you again after you have behaved or performed badly. [V n] He had realized the mistake he… …   English dictionary

  • redeem — re|deem [rıˈdi:m] v [T] formal ▬▬▬▬▬▬▬ 1¦(improve something)¦ 2 redeem yourself 3¦(get money for something)¦ 4¦(religion)¦ 5 redeem a promise/pledge 6¦(get something back)¦ ▬▬▬▬▬▬▬ [Date: 1400 1500; : French; Origin: rédimer, from Latin redimere …   Dictionary of contemporary English

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