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

译员Jerry，知名法学院知识产权法，专注翻译各种与版权与商标诉讼有关的法律文件。