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REDEEM

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The act of redemption. To free from obligation, e.g. when a homeowner pays the balance due in a foreclosure proceeding and obtains the home once again. To buy back. To liberate an estate or article from mortgage or pledge by paying the debt for which it stood as security. To repurchase in a literal sense; as, to redeem one’s land from a tax-sale.

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