Investor Glossary-judgment lienInvestor Glossary-judgment lienInvestor Glossary-judgment lienInvestor Glossary-judgment lienInsightful stock market charts - Click here
investor
 # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z     
Term of the Day Email this Definition Link to this Definition

Judgment Lien


A judgment lien is a court-ordered lien on a debtor's property, granted to a creditor to compensate for unpaid debts. A judgment lien typically arises after a lawsuit: a plaintiff who is awarded a monetary amount becomes a "creditor," and the defendant who must pay that amount becomes the "debtor." The judgment of this monetary amount is the basis for a judgment lien. Should the debtor fail to pay, the creditor can opt to enforce the judgment - through a judgment lien. In other words, a judgment lien is used to secure payment to a creditor and is enacted only after a debtor refuses to pay voluntarily. A judgment lien is satisfied when the property that is subject to the judgment lien is sold and the sale proceeds go to the creditor. A judgment lien that is placed on personal property is referred to as an attachment.

Rate this judgment lien definition...

               


Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: EBITDA, liquidity ratio, 401a, deferred tax, command economy, 144a, per diem, margin rate, deferred revenue, required rate of return, cancelled check, open position, stock split, ex-dividend, implied volatility, in escrow, irrevocable trust, limit order, quality assurance, risk management, 1035 exchange, Key Rate Duration, class C shares, current ratio, Zero Cost Collar, 1031 exchange, wholly-owned subsidiary, VIX, reverse mortgage, retained earnings, phantom income, option premium, minority interest, labor relations, ex-dividend date, covered put, real GDP, LIBOR, inflation, dividends payable, diluted share, debt service coverage, balance sheet, APR, equities, average price per share, FICO score, FTSE, stock market close


Home | Term of the Day | Tell a Friend | Suggest a Term | Edit Subscriber Detail
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2010 Investor Glossary - All rights reserved - Terms of Use