Default Judgment


Definition of "Default judgment"

(1) Judgment against a defendant who does not respond to the plaintiffs lawsuit or fails to appear in court at the hearing or trial date. (2) Judgment issued by the court against the defendant without the person responding in his own defense.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Negotiable

A flexible price that may be adjusted. A resolved situation between two or people or parties t ...

Cluster Housing

Planned subdivision where detached housing is located in the close proximity to each other. Addition ...

Concurrency

In which at least two insurance policies provide identical coverage for the same risk. ...

Absolute Beneficiary

Same as term: Beneficiary; Beneficiary Clause: ...

In-patient

Resident patient of a medical installation. Previously, health insurance benefits were limited to in ...

Tunnel Insurance

Coverage in the event a tunnel is damaged or destroyed. Written on an all risks basis, excluding per ...

Related Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is A Title?

A title is the right of property ownership. ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! Mortgage Loan Types What is the Best Time of Year to Buy a Home? How Does The Home Loan Underwriting Process Work? Rent or Buy - the pros and cons

FAQ

What happens when you prequalify? What is equity? What is a buyer's agent? What do I need to know about Pet Insurance? What do I need to know about Homeowners Insurance?