MLchartDataset catalogue

Judgment debt

Term · Law · MLC-T-LAW-002836

A monetary obligation imposed by a court order, requiring one party to pay a specific sum to another. This debt arises after a lawsuit concludes with a judgment in favor of the plaintiff. The amount includes the principal award, pre-judgment interest, and often court costs and attorney fees, and remains enforceable for a period defined by statute, such as ten years in many jurisdictions.

Table 1. Record
IdentifierMLC-T-LAW-002836
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002836",
  "term": "Judgment debt",
  "field": "Law",
  "definition": "A monetary obligation imposed by a court order, requiring one party to pay a specific sum to another. This debt arises after a lawsuit concludes with a judgment in favor of the plaintiff. The amount includes the principal award, pre-judgment interest, and often court costs and attorney fees, and remains enforceable for a period defined by statute, such as ten years in many jurisdictions.",
  "url": "https://mlchart.com/terminology/law/judgment-debt/"
}

Record 2,774 of 5,441 in Law terminology (MLC-0107). Request the full dataset.