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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use