judgment lien

Definition of "judgment lien"
  1. A claim imposed on a debtor's property by a creditor after winning a court decision
How to use "judgment lien" in a sentence
  1. After years of non-payment, they finally secured a judgment lien on the debtor's house.
  2. The judgment lien helped the creditors recoup some of their losses from the defaulted loan.
  3. The court authorized a judgment lien on the property, delivering a blow to the already struggling business.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z