Judgment Lien
A legal claim placed on a debtor’s property to secure payment of a court-awarded judgment.
What is Judgment Lien?
Damages are monetary awards granted by a court to compensate a plaintiff for losses, injuries, or harm caused by a defendant’s actions. They include economic damages, non-economic damages, and sometimes punitive damages to punish egregious behavior.
Why It Matters?
Damages determine case value, settlement negotiations, and liability exposure, guiding attorneys, insurers, and courts in resolving claims.
Example
A car accident victim receives damages covering medical bills, lost wages, and pain and suffering after a court finds the other driver negligent.
Related Terms
Mediation
Litigation