clogging equity of redemption


clogging equity of redemption
Imposing upon a mortgage an agreement whereby the mortgagor forfeits, clogs, or fetters his equity of redemption. 15 Am J2d Chat Mtg § 241; 36 Am J1st Mtg § 184.

Ballentine's law dictionary. . 1998.

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  • clog — [c]/klɒg / (say klog) verb (clogged, clogging) –verb (t) 1. to encumber; hamper; hinder. 2. to hinder or obstruct, especially by sticky matter; choke up. –verb (i) 3. to become clogged, encumbered, or choked up. 4. to stick; stick together. –noun …   Australian English dictionary