A judgment stayed refers to a legal ruling or court order that is temporarily suspended or put on hold. This stay can happen for various reasons, such as an ongoing appeal or to allow parties time to negotiate a settlement. While the judgment is stayed, the enforcement of the ruling is paused, meaning that the winning party cannot take immediate action to collect on the judgment until the stay is lifted.
This means that the final judgment cannot be heard until all financial obligations are met. This is mainly associated with lawsuits and court related cases.
The statement, "execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied" means that the judgment will be held against you until the debt is completely paid off. You can then get a letter of clearance to have the judgment removed from your credit report. Most debts will remain on a credit report for 7-10 years, even after they have been paid and satisfied.
The purpose of the bond is to maintain the status quo at the time of finial judgment. If a debtor can prove that the prevailing party will not be prejudiced by waiting to collect their judgment, then execution on that judgment can be stayed during the appeal. Although the judgment is final, the appellate court could find some error in the district court's actions and reverse that judgment. The bond allows the debtor to avoid the hardship of having their property liened and wages garnished if they can prove they will pay if the appellate court upholds the judgment.
This means that the defendants have an opportunity to make payment before the judgement is to be satisfied by the court officers. The person who lost the suit can pay before the judgement before their property starts being forfeited to settle the debt.
Stay of executionFrom Wikipedia, the free encyclopediaA stay of execution is a court order to temporarily suspend the execution of a court judgment or other court order. The word "execution" does not necessarily mean the death penalty; it refers to the imposition of whatever judgment is being stayed.
Both are correct, depending on the situation. I stayed in my house. I stayed in a hotel. I stayed at the door. I stayed at the starting-line. I stayed at the beach for the weekend. I stayed at my friend's house.
The correct spelling is stayed.
The homophone of Stayed is "stayed."
The word "stayed" is a verb.Some example sentences are:We stayed at the local hotel.The dog obediently stayed where he was told.He stayed behind after school to finish his project.
Because Cecil Calvert stayed in England, they stayed , too.
In an abstract judgment the grantor is the judgment creditor. The grantee of the abstract judgment is the judgment debtor.
This means that the final judgment cannot be decreed until all financial obligations are met. This can relate to court proceedings, along with personal financial issues and lawsuits.