satisfaction of judgment


satisfaction of judgment
Compliance with or fulfillment of the mandate, such ordinarily being the payment of the money due thereunder. 30A Am J Rev ed Judgm § 990. The release of a judgment as "paid" or "satisfied." As used in a clause of a liability insurance policy requiring action to be brought against the insurer within a certain time after the judgment against the insured has been paid and satisfied, the word "satisfied" is synonymous with the word "paid." It means satisfaction in fact, the payment of the judgment in full, and not the entry of that satisfaction upon the record. 29A Am J Rev ed Ins § 1798.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • satisfaction of judgment — A document signed by the party who is owed money under a court judgment (called the judgment creditor) stating that the full amount due on the judgment has been paid. If the judgment creditor has a lien on real property belonging to the judgment… …   Law dictionary

  • satisfaction — sat·is·fac·tion n 1 a: the act or fact of satisfying b: execution of an accord by performance of the substituted obligation often used in the phrase accord and satisfaction compare accord 3, transaction 3 c …   Law dictionary

  • satisfaction — Act of satisfying; the state of being satisfied. Seago v. New York Cent. R. Co., 349 Mo. 1249,164 S.W.2d 336, 341. The discharge of an obligation by paying a party what is due to him (as on a mortgage, lien, note, or contract), or what is awarded …   Black's law 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 — 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 — 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

  • Judgment summons — Judgment summons, in English law, a summons issued under the Debtors Act 1869, on the application of a creditor who has obtained a judgment for the payment of a sum of money by instalments or otherwise, where the order for payment has not been… …   Wikipedia

  • Judgment (law) — Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction Diversity jurisdiction Personal jurisdiction Removal jurisdiction Venue Change of venue …   Wikipedia

  • Judgment proof — A person is said to be judgment proof where they are either immune or able to otherwise escape prosecution for their conduct. An individual who is unidentifiable or has left the jurisdiction is often considered to be judgment proof.The term is… …   Wikipedia

  • 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