- A winning plaintiff in a lawsuit to whom a court decides the defendant owes money. It remains up to the creditor to collect the judgment. If the defendant debtor files for bankruptcy, the judgment creditor has priority-a share of the assets ahead of general unsecured creditors who do not have judgments.
Business law dictionary. 2015.
Look at other dictionaries:
judgment creditor — see creditor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. judgment creditor … Law dictionary
judgment creditor — ➔ creditor * * * judgment creditor UK US (UK also judgement creditor) noun [C] LAW ► a person or company that a court of law has decided has the legal right to receive money from another person or company … Financial and business terms
judgment creditor — Fin in a legal action, the individual or business who has brought the action and to whom the court orders the judgment debtor to pay the money owed. In the event of the judgment debtor not conforming to the court order, the judgment creditor must … The ultimate business dictionary
judgment creditor — A person in whose favor a money judgment has been entered by a court of law and who has not yet been paid. One who has obtained a judgment against his debtor, under which he can enforce execution. A person in whose favor a money judgment is… … Black's law dictionary
judgment creditor — noun : a creditor having a legal right to enforce execution of a judgment for a sum of money a suit in equity by two judgment creditors of an insolvent … corporation Corporation Journal compare judgment debtor … Useful english dictionary
judgment creditor — A creditor who has secured a judgment against his debtor for the amount of his debt; a person in whose favor a judgment has been entered, which has not been satisfied … Ballentine's law dictionary
judgment creditor's action — As usually understood, an action in equity or of an equitable nature to enforce the payment of the judgment out of property or interests of the debtor which cannot be reached by ordinary legal process. 21 Am J2d Cred B § 1 … Ballentine's law dictionary
creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… … 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 debtor — n: one who is obligated to pay a debt or damages in accordance with a judgment entered by a court Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. judgment debtor … Law dictionary