The term “right of redemption,” or “right to redeem,” ia familiarly used to describe the estate of the debtor when under mortgage, to be sold at -auction, in contradistinction to an absolute estate, to be set off by appraisement it would* be more consonant to the legal char-acter of this interest to call it the “debtor's estate subject to mortgage," white v. wbit-ney, 3 Metc. (Mass.) 86
Source: Black's Law Dictionary 2nd Ed (1910)
