Definition of "Judgment"

Josh Dunn real estate agent

Written by

Josh Dunnelite badge icon

RE/MAX America's Top Realty

  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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Absence of a personal liability such as when a creditor may seize an office building used as security for the obligation but cannot attach any other assets of the debtor. ...

Heated structure needed to raise fowl. ...

A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...

An asset. The term cost is often used when referring to the valuation of acquired property. When it is used in this sense, a cost is an asset. Concepts of cost and expense are often ...

Room containing a toilet and wash basin, but does not include a shower or bath tub. ...

You may have heard the term codicil in a conversation but might have yet to understand it entirely. What’s the codicil definition? “Codicil meaning” refers to a supplement ...

In commerce and business, margin as a general term is defined as by the difference between the amount of money spent on a product and the selling price of it. The margin usually appears as ...

A written, legally enforceable document used to transfer title to real estate, See also quit claim deed; warranty deed. ...

Amount of money that must be charged or invested in the initial stage of a business transaction to demonstrate good faith as well as to help offset some expenses. For example, the customary ...

Popular Real Estate Questions