The statutory right of redemption allows a mortgagor to redeem their property within a specified time after a foreclosure sale, as provided by state law.
Usufructuary rights refer to the legal right to use and enjoy the benefits of someone else's property without owning it. These rights are often pertinent to natural resources like water or land.
Usury refers to the practice of charging a rate of interest on loans that is higher than what is allowed by state law, designed to protect borrowers from excessively high interest rates.
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