Adjudication
The adjudication definition is a legal ruling or judgment used in the justice system when a case is settled or finalized. To define adjudication, we must look at the justice system and how claims are settled. When a settlement takes place in court, a final judgment is given or a pronouncement that determines future actions about the presented issue.
Adjudication also refers to a decree in the process of bankruptcy that occurs between the creditor and the defendant. The validation of an insurance claim can also be referred to as an adjudication.
What is an adjudication?
As stated above, adjudication is a term used in court cases or legal rulings. But what does adjudication mean? The adjudication meaning can be described as a legal process that expedites and delivers the court’s resolution concerning the issues raised by the parties involved in the trial. Adjudications usually involve cases concerning money or infractions that are nonviolent. The result of adjudication is the distribution of rights and obligations for the parties involved in the case.
How does an adjudication process work?
The legal process of adjudication isn’t based on proof and doesn’t seek justice like other court cases, but to settle disputes between private parties. Some examples of these parties can be political officials against a private party, public officials against public bodies, and they can be seen in healthcare to help determine a carrier’s liability concerning money claimed by the insured individual.
Some rules govern the adjudication process as with any legal process like evidence and procedure. Laws are defined, and the initiating party gives the notice to establish facts, giving the reason for the claim. Sometimes a notice will also include the outline of the dispute between the parties involved, recounts when and where the conflict took place, and expresses the preferred result based on the law.
The plaintiff gets an adjudicator assigned, and the notice is sent to the defendant, or responding part. The defendant party forwards their response to the claim of adjudication; they both present their arguments in from of the adjudicator, which makes the final ruling or the adjudication.
Popular Real Estate Terms
Association of people not treated as a corporation. Examples are a limited partnership and a group of cooperative owners. ...
An individual's possessions at his residences, such as furniture. A listing of items and their costs is recommended to obtain proper insurance coverage and as support for insurance ...
Capacity in real life has numerous meanings. So, what is the definition of capacity? The “capacity definition’ applies to the highest amount a distinct object or entity can ...
(1) Price a buyer is willing to pay, or bid, for a certain piece of property. It is the highest price offered to buy the property. (2) Price per share that shareholders receive when they ...
Present worth of the property which is different than the price paid for it or its book value (cost less accumulated depreciation). The current value may be determined through appraisal. ...
Homes with division of ownership or use of a resort unit on the basis of time periods. For example, a resort home may be divided into 25 time shares of two weeks each, with two weeks left ...
The term foreign direct investment (FDI) refers to the purchase of an interest in a company from an investor or company that is located outside of the borders of the company in which the ...
Special tax incentive for the continued use and rehabilitation of historical buildings and old structures in an effort to arrest urban decay. Developers receive a credit based on a ...
The term developer’s profit is the actual profit generated by a developer’s project after the costs of the development have been covered. This profit can come from the sale of ...

Have a question or comment?
We're here to help.