judgment lien

judgment lien
An encumbrance that arises by law when a judgment for the recovery of money is docketed and that attaches to the debtor's real estate located in the county where the judgment is docketed. A lien binding the real estate of a judgment debtor, in favor of the holder of the judgment, and giving the latter a right to levy on the property for the satisfaction of his judgment to the exclusion of other adverse interests subsequent to the judgment. Right to subject property of judgment debtor to satisfaction of judgment. A charge on or attachment of property of one who owes a debt and is subject to a judgment thereon.
See also execution

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • judgment lien — see lien Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. judgment lien …   Law dictionary

  • judgment lien — noun lien on a debtor s property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff s sale • Hypernyms: ↑lien * * * noun : a statutory lien usually upon the real… …   Useful english dictionary

  • Judgment Lien — A court ruling that gives a creditor the right to take possession of a debtor s real property if the debtor fails to fulfill his or her contractual obligations. A judgment lien may be made against an individual or business and allows the creditor …   Investment dictionary

  • judgment lien — An encumbrance that arises by law when a judgment for the recovery of money is docketed and that attaches to the debtor s real estate located in the county where the judgment is docketed. A lien binding the real estate of a judgment debtor, in… …   Black's law dictionary

  • judgment lien — Security for the judgment debt. 30A Am J Rev ed Judgm § 480. A lien predicated upon the rendition or entry of judgment, the same being the right given the judgment creditor to subject by levy or seizure the property of the judgment debtor to the… …   Ballentine's law dictionary

  • judgment lien — See judicial lien. American Banker Glossary …   Financial and business terms

  • lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… …   Law dictionary

  • judgment — judg·ment also judge·ment / jəj mənt/ n 1 a: a formal decision or determination on a matter or case by a court; esp: final judgment in this entry compare dictum, disposition …   Law dictionary

  • Lien (disambiguation) — Lien may refer to:In law:* Lien, the broadest term for any sort of charge or encumbrance against an item of property that secures the payment of a debt * Lien avoidance, action taken to clear title to land from a judgment lien arising out of pre… …   Wikipedia

  • lien — a charge upon a specific property designed to secure payment of a debt or performance of an obligation (Glossary of Common Bankruptcy Terms) A charge against or interest in property to secure payment of a debt or performance of an obligation. A… …   Glossary of Bankruptcy

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