Judgment Debt
/ˈdʒʌdʒmənt dɛt/
Definitions
- (n.) A monetary obligation established by a court's final ruling requiring the losing party to pay the winning party.
The plaintiff secured a judgment debt after the court ruled in their favor.
Forms
- judgment debt
- judgment debts
Related terms
See also
Commentary
A judgment debt arises only after a judgment is entered, distinguishing it from ordinary contractual debts.
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.