JUDGMENT: The official decision of a court.
A decree by a court of law that one person is indebted to another for a specified amount. In some states, the court may place a lien against the debtor’s real property as collateral for payment of the judgment to the creditor.
A judgment is a legal debt or obligation resulting from either a court order or an administrative action under the authority granted by Minnesota law.
Judgment has been defined 41 different ways in documents like Fifth District Legal Terminology, HUD Glossary, United States Courts Glossary, and 7 more.