Judgment Sale
/ˈdʒʌdʒmənt seɪl/
Definitions
- (n.) A court-ordered sale of a debtor's property to satisfy a money judgment rendered against them.
The judgment sale of the defendant's assets was scheduled to pay the creditor.
Forms
- judgment sale
- judgment sales
Related terms
See also
Commentary
Used mainly in enforcement of civil money judgments, this term refers to the process by which property is sold under court order to satisfy a debt; often governed by specific procedural rules.
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.