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IVA Glossary
J
Judgement
There are two definitions covered by this term, one of them is a general judiciary meaning, the other has a debt related meaning. The first and more common meaning of judgement is a decision made by the court after hearing all parties. In other words, a judgement is the final ruling of the court, a conclusion of a trial. In case of the other meaning the situation changes a little, and now the word only means that the court recognizes a debt. It could be explained as the official recognition of a debt of a person or a company. All these meanings of the word judgement are covered by the exhaustive definition which states that a judgement is a legal document stating the reasons for a judicial decision.
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