Available in many states, this certificate allows the owner to collect unpaid taxes in addition to a set level of interest. These investments are not insured or necessarily backed by property, and therefore great risks are involved with each purchase.
Investment dictionary. Academic. 2012.
Tax lien — A tax lien is a lien imposed on property by law to secure payment of taxes. Tax liens may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes.Tax liens in… … Wikipedia
Tax lien sale — A tax lien sale is the sale, conducted by a governmental agency, of tax liens for delinquent taxes on real estate. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the… … Wikipedia
tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid … Black's law dictionary
Tax protester statutory arguments — Part of the Taxation in the United States series Tax protest in the United States … Wikipedia
certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… … Black's law dictionary
certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… … Black's law dictionary
Lien Sale — The sale of the claim or hold placed on an asset to satisfy an unpaid debt. Typically, lien sales are conducted as public auctions and the lien is on real estate, automobiles and other personal property. Depending on a particular state s laws,… … Investment dictionary
Sales tax — Cash register receipt showing sales tax … Wikipedia
Value added tax — Taxation An aspect of fiscal policy … Wikipedia
Richard Cordray — Infobox State Senator imagesize = 250px name= Richard Cordray office= Ohio State Treasurer term start= 2007 governor= Ted Strickland predecessor= Jennette Bradley successor= Incumbent birth date= Birth date and age|1959|5|3|mf=y party=… … Wikipedia
