Equity of redemption

*_Equity of redemption_ (Law.), the advantage, allowed to a mortgageor, of a certain or reasonable time to redeem lands mortgaged, after they have been forfeited at law by the non-payment of the sum of money due on the mortgage at the appointed time. Blackstone.*

Synonyms—Justice; impartiality; rectitude; fairness; honesty; uprightness. See JUSTICE.