terms used

A B C D E F J L M N O P R S T U V

Click a term for an explanation.

1. Redemption
2. Redemption Figure
3. Redemption Penalty
4. Registered Land
5. Registration
6. Retention

Redemption Penalty
A sum charged by a mortgagee for early repayment of a mortgage. Generally only applies when advantageous terms were given by the mortgagee at the time the mortgage was granted i.e. Fixed Rate Interest.