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redemption rights

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Right of Redemption
In foreclosure or repossession, the right of a borrower to receive back the stated property before it is re-sold (and sometimes after it is re-sold) in exchange for repaying the debt guaranteed by the property that was foreclosed or repossessed. The length of time one has the right of redemption varies, but it can be for up to one year.

redemption rights

See right of redemption.



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In this court order, the mortgagee or lien holder states in detail the cancellation of any equitable redemption rights a borrower may have with regards to a particular piece of property in relation to the mortgage or loan that was initially taken out.
Although the firm had only one class of stock outstanding, there were two different arrangements as to redemption rights that potentially challenged the SCOS requirement.
The Series B-1 and Series B-2 convertible preferred stock have the same terms and conditions, other than with respect to redemption rights.
 
 
 
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