redemption

n. [ F. rédemption, 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. [ 1913 Webster ]

In whom we have redemption through his blood. Eph. i. 7. [ 1913 Webster ]

n. One who is, or may be, redeemed. [ R. ] Hakluyt. [ 1913 Webster ]