Judgment | Real Estate Glossary | Realestateagent.com

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.

Portion of reinsurance premium received by the reinsurer that relates to the unexpired part of the r ...

Expiration of a lease or insurance policy by mutual consent of the parties, also to give up. ...

Premiums paid with funds that are not borrowed from life insurance. It is important to ascertain the ...

Insurance coverage sold by a broker as contrasted with insurance coverage sold by an agent. ...

Sum the insurance company is legally obligated to pay an insured for losses incurred. ...

Use of borrowed funds to enhance expected returns. It is anticipated that the investment will earn a ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

A default is when a person fails to make payments on a loan. ...

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

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

A gated community is a community of homes where you must pass through a security gate in order to en ...

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

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