Section 4216 Of Article 2. Permanent Installment Plan From California Revenue And Taxation Code >> Division 1. >> Part 7. >> Chapter 3. >> Article 2.
4216
. As used in this article:
(a) "Redemption amount" means the total amount which would be
necessary to redeem tax-defaulted property at the time an election is
made to pay delinquent taxes in installments under this article.
(b) "Balance of the redemption amount" is the amount equal to the
difference between the redemption amount and the total of the
portions previously paid which portions were paid as a part of the
redemption amount.