16:45
@bigfatsloth: an early welcome to north carolina :3 i will NOT be joining you in the forest unfortunately
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LSDefine
Simple English definitions for legal terms
tax-anticipation warrant
Read a random definition: United States Coast Guard
A quick definition of tax-anticipation warrant:
A tax-anticipation warrant is a piece of paper that the government gives out to raise money. It promises that when people pay their taxes, the government will use that money to pay back the people who bought the warrant. It's like borrowing money from lots of people and promising to pay them back with the taxes you collect.A more thorough explanation:
Definition: A tax-anticipation warrant is a type of official process that is issued to collect unpaid taxes. It allows the government to seize and sell property to pay off the taxes owed. The warrant is payable out of tax receipts when collected.
Example: Let's say a person owes $10,000 in property taxes to the government. The government may issue a tax-anticipation warrant to collect the unpaid taxes. The warrant allows the government to seize and sell the person's property to pay off the taxes owed.
Explanation: This example illustrates how a tax-anticipation warrant works. It is a legal tool used by the government to collect unpaid taxes. The warrant allows the government to take action to recover the taxes owed, including seizing and selling property.