Certificate of Sale

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • notarized statement
  • signed document
  • sales receipt
  • legal document

Definition of Certificate of Sale

  1. After legal confirmation, an affidavit is issued at a judicial or tax sale to the buyer of a property. The buyer is then entitled to the deed of the property.

Related Terms and Acronyms

  • Land Contract (LC) Acronym,
    • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made.
  • Certificate of Title Definition,
    • A written document stating that the title to a piece of property is legally vested in the present owner.
  • Certificate of Occupancy (CO) Acronym, Important,
    • Authorization by a local government giving permission for someone to live in or use a building that has just been constructed or renovated.
    Zoning bylaw.
  • Contract to Purchase Definition,
    • A document in which a property's buyer and seller approve the price and other terms of the transfer of title. Also known as an agreement of sale, a purchase contract or a sale contract.
  • Note Bank,
    • A legal acknowledgement of a debt and an implicit promise to repay. It includes the loan amount, interest rate and term.
  • Deed (D) Acronym, Very Important,
    • A document that provides title to property and is filed with a country recorder.
    Used to transfer ownership of assets, often land or automobiles.
  • Claim Bank,
    • A creditor's assertion of a right to payment from a debtor or the debtor's property.
  • Title Definition,
    • Evidence of a person's right to possession ownership of a property.
  • Land Title Definition,
    • The legal document conveying title to a property.
  • Purchase Agreement Bank,
    • A written promise to pay a specific amount for a property at a specified time. The purchase agreement is a written statement of the offer, which both the borrower and the seller will sign if the offer is accepted.
  • Covenant Definition,
    • A promise made in a contract or property deed.
  • Bill of Sale (BS) Acronym, Important,
    • A written document that serves as evidence of the transfer of title to personal property.
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