• Ask a Legal Question
  • Submit Article
  • Law Dictionary
  • My Account
  • FAQ
  • Contact Us
  • Support
  • Site Search
Login or Sign up

The Law Dictionary

Search The Law Dictionary
  • Home
  • Law Forum
  • Law Guide
  • Law Journal
  • Lawyers
  • Legal Forms & Files
  • Inbox
  • Alerts
Home » Law Dictionary » R » REDEEMABLE

REDEEMABLE

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

1. Subject to an obligation of redemption; embodying, or conditioned upon, a promise or obligation of redemption; convertible into coin; as, a “redeemable currency.” See U. S. v. North Carolina, 136 U. S. 211, 10 Sup. Ct 920, 84 L. Ed. 336. 2. Subject to redemption; admitting of redemption or repurchase; given or held under conditions admitting of reacquisition by purchase; as, a “redeemable pledge.” Redeemable rights. Rights which return to the conveyor or disposer of land, etc, upon payment of the sum for which such rights are granted. Jacob.

Related Legal Terms & Definitions
  • REDEMPTION (A) In a Chapter 7 bankruptcy, when a debtor pays a creditor on a debt…
  • EQUITY OF REDEMPTION A right which the mortgagee of an estate has of redeeming it, after it has…
  • REDEEM The act of redemption. To free from obligation, e.g. when a homeowner pays the balance…
  • CHATTEL MORTGAGE An instrument of sale of personalty conveying the title of the property to the mortgagee…
  • FUNDING SYSTEM Eng. law. The name given to a plan which provides that on the creation of…
  • RIGHT OF REDEMPTION The right to disincumber property or to free it from a claim or lien; specifically,…
  • MORTGAGOR estate's, contracts. He who makes a mortgage. 2. He has rights, and is liable to…
  • RANSOM In international law. The redemption of captured property from the hands of an enemy, particularly…

Filed Under: R

Add a New Legal Term

Can't find the legal word, term, phrase or abbreviation that you're seeking in our dictionary? Add or request a definition by filling out the short form below!

Add Dictionary Term
Sending

Law Dictionary & Guide App

Law App

Law App

Pro Law App

Pro Law App


  Over 2,000 Five Star Ratings
  •   Black's Law Dictionary 2nd Ed.
  •   Free: 14,000+ legal terms, Pro: 23,000+
  •   Law Guide & Law Journal
  •   Ask Questions & Get Answers
  •   Law Library & Lawyer Directory
  • Free Attorney Case Review

    Free legal consultation with a lawyer

    • About
    • FAQ
    • Contact
    • Disclaimer
    • Privacy
    • Legal Terms
    • Editorial Guidelines
    • © 1995 – 2016 TheLaw.com LLC
    Legal Disclaimer: The content appearing on our website is for general information purposes only. When you submit a question or make a comment on our site or in our law forum, you clearly imply that you are interested in receiving answers, opinions and responses from other people. The people providing legal help and who respond are volunteers who may not be lawyers, legal professionals or have any legal training or experience. The law is also subject to change from time to time and legal statutes and regulations vary between states. It is possible that the law may not apply to you and may have changed from the time a post was made. All information available on our site is available on an "AS-IS" basis. It is not a substitute for professional legal assistance. Before making any decision or accepting any legal advice, you should have a proper legal consultation with a licensed attorney with whom you have an attorney-client privilege. For purposes of New York and New Jersey State ethics rules, please take notice that this website and its case reviews may constitute attorney advertising.
    © Copyright 1995 - 2015 TheLaw.com LLC. All Rights Reserved