Definition of "Judgment"
- A judicial ruling in which the rights and claims of the parties have been considered.
- A final ruling on some aspect formed after all the facts have been taken into account.
- In Real Estate, a court order placing a financial indebtedness on another to pay for a claim. For example. John does not meet his rental obligations to Brian. The court issues a judgment against John brought by Brian.
Popular Real Estate Terms
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Written statement in a deed limiting the number, type, size, and use of property. See also deed covenants. ...
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Map presented to a municipality's planning agency by a real estate developer for consideration and approval. ...
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Second home. The interest and real estate taxes on the second home are tax deductible on the family's 1040 tax return. ...
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