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 debtor, then the judgment debtor may demand that the judgment creditor record the satisfaction of judgment with the County Recorder (or Recorder of Deeds).
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Nolo’s Plain-English Law Dictionary. . 2009.

satisfaction of judgment
n.
   a document signed by a judgment creditor (the party owed the money judgment) stating that the full amount due on the judgment has been paid. The judgment creditor (the party who paid the judgment) is entitled to demand that the judgment creditor (the party to whom the money judgment is owed) sign the satisfaction of judgment, file it with the court clerk, acknowledge it before a notary public, and record the document with the County Recorder (or Recorder of Deeds) if there is an abstract of judgment (a document showing the amount of the judgment which is a lien on any real property belonging to the defendant) on record.
   See also: abstract of judgment

Law dictionary. . 2013.

Look at other dictionaries:

  • 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… …   Ballentine's law dictionary

  • satisfaction of the court — Convincing the court. Removing doubt from the mind of the court. Where a fact is to be established to the satisfaction of the court, the words to the satisfaction of the court do not mean simply the sufficiency of the proof, but go to the… …   Ballentine's law dictionary

  • recovery of judgment — The rendition of judgment in favor of a party, whether plaintiff or defendant. In one sense, obtaining payment or satisfaction of a judgment. Hackett v Hyson, 72 RI 132, 48 A2d 353, 166 ALR 1096, 1098 …   Ballentine's 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 (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 satisfied — An entry on the record indicating payment and satisfaction of a judgment. The entry of judgment satisfied is not a part of the judgment of the court. It is an entry of record to be used as evidence in case there is a question about the plaintiff… …   Ballentine's law dictionary

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