A process in chancery by which all further right existing In a mort-gagor to redeem the estate is defeated and lost to him, and the estate becomes the abso-lute property of the mortgagee; being appli-cable when the mortgagor has forfeited his estate by non-payment of the money due on the mortgage at the time appointed, but still retains the equity of redemption. 2 washb. Real Prop. 237. Goodman v. white, 26 Conn. 322; Arrington v. Liscom, 34 Cal. 376, 94 Am. Dec. 722; Appeal of Ansonia Nat. Bank, 58 Conn. 257. 18 Atl. 1030; willlams v. wilson, 42 or. 299, 70 Pac. 1031, 95 Am. St. Rep 745
Source: Black’s Law Dictionary 2nd Ed (1910)
