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judgment debt
noun
- Law. a debt established or confirmed by decree of a court of law.
Word History and Origins
Origin of judgment debt1
Example Sentences
A group of Sept. 11 families that years earlier had sued the Taliban for their losses, winning a default judgment when the militants failed to show up in court, then moved to seize the funds to pay off the judgment debt.
The Havlish plaintiffs — about 150 people, linked to 47 estates of the nearly 3,000 people killed — moved to seize some of that money to pay off the Taliban’s judgment debt to them.
In September, lawyers for a plaintiffs’ group in the Havlish case — about 150 people, linked to 47 estates of the nearly 3,000 people killed in the Sept. 11 attacks — persuaded a judge to send a U.S. marshal to serve the Federal Reserve of New York with a writ of execution to begin seizing the Afghan funds to pay off its judgment debt.
Lawyers in the Havlish case had earlier proposed a similar arrangement, dividing the assets between humanitarian relief and paying off the Taliban’s judgment debt to their clients.
Their judgment debt is roughly equal to all the assets in the account.
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