Definition: a document issued to a person as a receipt for paying the delinquent taxes on real property owned by another, entitling the person to receive either the delinquent taxes plus interest from the legal property owner, or a deed to the property if the property is not redeemed within a certain period of time
Pronunciation: \(ˌ)sər-ˈti-fi-kət\
Used in a Sentence: At auction, any qualified person is eligible to bid for the tax certificate on any property.
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