satisfaction of judgment

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: abstract of judgment)

References in periodicals archive ?
981 (SATISFACTION OF Adds an acknowledgment to the JUDGMENT) satisfaction of judgment form.
Nukem did so, but then moved for a satisfaction of judgment without accounting for the monies earned in the constructive trust.
She also agreed to promptly file satisfaction of judgment back in Wichita, Kan.
Marquez filed an amended answer to the complaint and asserted the affirmative defense of full and/or partial satisfaction of judgment requiting a set off.
On June 26, 1992, they filed a Report and Acknowledgment of Receipt of Satisfaction of Judgment with the court stating that the wrongful death suit had been settled for $500,000, with $374,000 being paid directly to them and the remainder paid to their attorneys for attorneys' fees and costs.
Model II is limited to cases in which satisfaction of judgment is not voluntary.
Upon receipt of the final installment, a Satisfaction of Judgment shall be filed with the Clerk of the Courts in Broward County, FL.
An Agreement for Satisfaction of Judgment was entered into between and amongst ACCEL, Acceleration National Insurance Co.
That was to add a form for satisfaction of judgment to show that a final judgment has been paid.
347 11-0 This is a new form for a satisfaction of judgment.