certificate of purchase

certificate of purchase. A document reflecting a successful bid for property at a judicial sale. • The bidder receives a property deed if the land is not redeemed or if the sale is confirmed by court order. — Also termed certificate of sale. [Cases: Judicial Sales 61. C.J.S. Judicial Sales §§ 48–52.]

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词条贡献者

双语律师Peter，毕业于法国一流的高级翻译学院，擅长翻译涉及基础建设领域的法律文件。