REDEMPTION PERIOD
redemption period.The statutory period during which a defaulting mortgagor may recover
property after a foreclosure or tax sale by paying the outstanding debt or charges. [Cases:
Mortgages 599; Taxation 699. C.J.S. Mortgages §§ 1034–1037, 1039; Taxation §§
1258–1264.] [Blacks Law 8th]