tax sale Meaning in Cambridge Business English Dictionary
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Meaning of "tax sale" - Business English Dictionary

tax sale

noun [C]
 
 
US LAW, PROPERTY
a situation in which the government takes and sells the property of people who have not paid tax: They bought the building very cheaply in a tax sale last year. The tax sale process is used to collect any debt over $10,000 dollars.
(Definition of tax sale from the Cambridge Business English Dictionary © Cambridge University Press)
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