Redemption Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Redemption, written in plain English, along with examples of how it is used.

What is Redemption?

(n) Redemption is the process by which a property, article, right etc sold, issued, mortgaged or otherwise transferred to a person is taken back by re-purchasing, clearing the liabilities or paying the consideration etc as may be required to get the possession back