Judgment


Definition of "Judgment"

  1. A judicial ruling in which the rights and claims of the parties have been considered.
  2. A final ruling on some aspect formed after all the facts have been taken into account.
  3. 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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Joinder

Any of several types of legal joinders whereby one or more parties unites with or joins other partie ...

Injunction Bond

Type of judicial bond under which a plaintiff is held liable for damages in the event of a false inj ...

Arch

Structure designed to span an open space between to supporting members. ...

Wrongful Death

Death caused by a person without legal justification. Wrongful death may be the result of negligence ...

Single Property Syndicate

Sponsor sells interest to real estate investors in one property only. The total amount received from ...

Certified Property And Casualty Underwriter (CPCU)

A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...

Related Real Estate FAQ

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

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

What do Real Estate Attorneys do? 5 signs of house foundation problems 3 tips to ensure your sale goes through Foreclosure - The Pros and Cons of Buying How To Choose A Realtor

FAQ

What is zoning? What is a seller disclosure? What do I need to know about Indemnity Insurance? What is a front-end ratio? What is a commitment letter?