Abstract of Judgement

Definition

• When a judgement is made in a lawsuit, a court document is drafted that states how much the person who lost the lawsuit owes. This document can create a lien or a claim on property when it is filed with the country recorder where the property is owned.
• An "abstract" is a summary or statement of the contents within a document.

Synonyms
summary, statement, claim, legal document

Alternate Spellings
Abstract of Judgment

Related Terms and Acronyms

• Claim — Definition,
  • A creditor's assertion of a right to payment from a debtor or the debtor's property.
• Defendant — Definition,
  • The accused party in a lawsuit or criminal trial.
• Insurance Attorney — Definition,
  • An attorney who works with insurance law.
• Judgement — Definition,
  • A determination by a court of law or a judicial decision.
• Legal Description (lgdc) — Abbreviation,
  • A way of identifying a piece of property in writing that is acceptable to a court.
• Lien — Definition,
  • A legal hold or claim of a creditor on the property of another.
• Plaintiff — Definition,
  • The party who initiates a lawsuit.
• Settlement — Definition,
  • An agreement between the parties of a legal case.
• Settlement Statement — Definition,
  • A document that details who has paid how much to whom.