- The act of redeeming, or the state of being redeemed;
repurchase; ransom; release; rescue; deliverance; as, the redemption of
prisoners taken in war; the redemption of a ship and cargo. - The liberation of an estate from a mortgage, or the
taking back of property mortgaged, upon performance of the terms or
conditions on which it was conveyed; also, the right of redeeming and
reentering upon an estate mortgaged. See Equity of redemption, under
Equity. - Performance of the obligation stated in a note, bill,
bond, or other evidence of debt, by making payment to the holder. - The procuring of God's favor by the sufferings and
death of Christ; the ransom or deliverance of sinners from the bondage
of sin and the penalties of God's violated law.
Definition
[ n.]