A decree is an authoritative order or decision made by a court, which can mandate compliance or resolve disputes between parties, often having significant legal consequences.
The termination of an agreement or contract, regardless of the initiating circumstances, is known as dissolution. This could occur due to various reasons such as the completion of contract terms (performance), a court order, or mutual agreement among the parties involved.
An injunction is a legal order issued by a court that requires a party to either do or refrain from doing specific acts. It is often used to prevent harmful actions until a resolution is reached.
A judgment lien is a court-ordered claim upon a debtor's property, established to satisfy a debt ruled upon in a court of law. This lien ensures the creditor's right to a debtor's asset in case of non-payment.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!