Re-demp"tion (-sh?n), n. [F. r'edemption, L. redemptio. See Redeem, and cf. Ransom.]
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.
Specifically: (a)
Law 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. (b) Com.
Performance of the obligation stated in a note, bill, bond, or other evidence of debt, by making payment to the holder
. (c) Theol.
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.
In whom we have redemption through his blood.
Eph. i. 7.
© Webster 1913.