it's likely to contain a costs order too. If a creditor wins a judgment against you, you have an obligation to pay the determined amount. Armed with the judgment, the holder of the debt, called a “judgment creditor,” can take legal steps to seize the amount. 3 attorney … When judgment is obtained, the successful applicant may enforce the judgment. A judgment lien is a court ruling that gives a creditor the right to take possession of a debtor's property if the debtor fails to fulfill his or her contractual obligations. It can also charge interest at a court-approved rate, typically in the range of 5 percent to 10 percent, until you pay up. A procedural device used during civil litigation to promptly and expeditiously dispose of a case without a trial. Creditors can win a judgment against you if you have failed to pay an outstanding debt. When the sum of judgment is not quantified - known as an unliquidated sum - an order for another hearing - a disposal hearing - is listed for a judge to fix the sum of the damages payable. See 2919 (krinō). Judgment lien Debt Lien. Is the jury still out on which spelling you should use: "judgement" or "judgment"? Summary Judgment. Ask a lawyer - it's free! More . Depending on the circumstances surrounding the debt, the judge may require that the property be sold, and the judgment … English words for sum include form, suit, relate to, do duty, serve, depend, annex, inhere, be and continue. [section] 8502(2). Cognate: 2920 krísis (a feminine noun derived from 2919 /krínō, "to separate, distinguish, judge") – judgment, emphasizing its qualitative aspect that can apply either to a positive verdict (for righteousness) – or more commonly, a "negative" verdict which condemns the nature of sin that brings it on. Browse related questions. The judgment essentially becomes a new debt that you must pay, and it will be much bigger than the original sum you owed. A judgment is the result of a lawsuit. Find more Latin words at wordhippo.com! For the purposes of this article, let's assume that the plaintiff filed the motion, and that the defendant must now respond. Part 1: These are the facts: First, the plaintiff will present a version of the facts. Judgement The term Judgement is defined in Section 2(9) of the Code of Civil Procedure, 1908.A judgement contains facts of the case, the issues involved, the evidence brought by the parties, finding on issues (based on evidence and arguments). The May 10, 2004 decision is titled ' Judgement [sic];' was issued by a foreign court and bears the seal of that court; grants recovery of a sum of money; and is not 'a judgment for taxes, a fine or other penalty or a judgment for support in matrimonial or family matters.' Judgment call definition is - a subjective decision, ruling, or opinion. In a debt collection case, the judgment is a court’s decision that you owe a specific sum of money. How to use judgment call in a sentence. A typical summary judgment motion has three parts. It is used when there is no dispute as to the material facts of the case and a party is entitled to judgment as a Matter of Law.. Any party may move for summary judgment; it is not uncommon for both parties to seek it. Learn more about the history of the word and its many spellings here. A second possible way to collect on a judgment debt involves the imposition of a lien.In this scenario, the court allows the creditor to obtain a lien against some form of real property that is owned by the debtor, such as a vehicle or a house. Collection of a debt. 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