Abstract of Judgement

Definition

• An "abstract" is a summary or statement of the contents within a document.
• 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.

Synonyms
claim, summary, legal document, statement

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.