Investor Glossary-judgment lienInvestor Glossary-judgment lienInvestor Glossary-judgment lienInvestor Glossary-judgment lienInsightful stock market charts - Click here
investor
Categories    # 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

Judgment Lien

The HTML to link to this page
 

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...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use