attachment(redirected from precision attachment)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
The seizure of property, especially (but not necessarily) real estate, from a defendant in a lawsuit in anticipation of its award to a plaintiff. Attachment occurs when a judge believes that the plaintiff will prevail in the suit and, therefore, permits the seizure. However, if the defendant does prevail in the end, the judge must compensate her with a bond to cover any potential damages the plaintiff causes.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The legal process of seizing real or personal property for the payment of nonmortgage debts such as tax liens or judgments.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.