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An order from a judge or jury to pay a certain amount of money. Judgments usually come after a lawsuit or a criminal conviction. For example, if a company is sued and found liable, it may receive a judgment for, say, $1 million, which it must pay to the plaintiff. Also, if one is convicted of theft, one may be ordered to repay what one has stolen. See also: Out-of-Court Settlement.
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An order of a court.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.