Variable closed:	2.85%
1 year closed:	2.94%
3 year closed:	2.69%
5 year closed:	2.79%
10 year closed:	3.44%

Mortgage Super Brokers > Library & Listings > Glossary > Definition: Abstract of Judgement

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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Abstract of Judgement

Synonyms:	claim, legal document, statement, summary
Filed Under:	legal-contracts
Tags:	contract, legal

Definition of abstract of judgement

abstract of judgement: 1. An "abstract" is a summary or statement of the contents within a document.; 2. 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.

Related Terms and Acronyms:

claim A creditor's assertion of a right to payment from a debtor or the debtor's property.
defendant The accused party in a lawsuit or criminal trial.
insurance attorney An attorney who works with insurance law.
judgement A determination by a court of law or a judicial decision.
legal description (lgdc) A way of identifying a piece of property in writing that is acceptable to a court.
lien A legal hold or claim of a creditor on the property of another.
plaintiff The party who initiates a lawsuit.
settlement An agreement between the parties of a legal case.
settlement statement A document that details who has paid how much to whom.

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