Asset Discovery
/ˈæsɛt dɪsˈkʌvəri/
Definitions
- (n.) The process of identifying and locating assets available for legal claims or enforcement.
During the lawsuit, the plaintiff conducted asset discovery to locate the defendant's property.
Forms
- asset discovery
Related terms
See also
Commentary
Asset discovery is a critical step in enforcing judgments or recovering debts, often requiring thorough investigation and sometimes court orders to reveal hidden or undisclosed assets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.