tax certificate

tax certificate. An instrument issued to the buyer of property at a tax sale, certifying the sale and entitling the buyer to a tax deed and possession of the property upon the expiration of the redemption period. • If the property is redeemed, the tax certificate is voided. See REDEMPTION PERIOD; tax sale under SALE. Cf. tax deed under DEED. [Cases: Taxation 730, 731. C.J.S. Taxation §§ 1365–1369.]

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词条贡献者

法律翻译玉晶，毕业于英国一流的高级翻译学院，专注翻译各类与通用数据保护条例有关的法律文件。