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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To clip or prune shrubbery,etc. ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
Geographic location by itself with designated boundaries. An example is a district. ...
If you live anywhere else besides Houston, TX, in the US, you probably heard of zoning ordinances. The reason for that is the city of Houston Texas is the only city that doesn’t use ...
(1) A persons permanent and legal place of residence. While an individual may have one or more residences, it is only possible to have one permanent address. (2) The state where one has ...
Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...
Thin wood that is shaped in a wedge and laid together in rows. An example is a roof on a house. ...
Investment made rationally and intelligently as would be expected by a professional person. A reasonable degree of safety and return are expected. A example is an office building with 99% ...
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