Default Judgment

AAA

DEFINITION of 'Default Judgment'

A binding judgment issued by a court in favor of the plaintiff when the defendant fails to respond to a court summons or fails to appear in court. If damages were included in the complaint, the default judgment will take those into consideration unless proof of those damages is required.

INVESTOPEDIA EXPLAINS 'Default Judgment'

While a defendant faced with a default judgment can seek to have the judgment vacated by demonstrating a valid excuse, not appearing in court or ignoring a summons is generally considered to be a bad idea.

RELATED TERMS
  1. Tort Law

    The area of law that covers the majority of all civil lawsuits. ...
  2. Compensatory Damages

    Money awarded to a plaintiff to compensate for damages, injury, ...
  3. Judgment

    A court order to the loser of a lawsuit to pay the winner a specified ...
  4. Punitive Damages

    Legal recompense that is levied as punishment for a wrong or ...
  5. Baked In The Cake

    Projections, expectations and other news items that are already ...
  6. Hospital Visitation Authorization

    A document that indicates who is allowed to visit a patient in ...
Related Articles
  1. Build A Wall Around Your Assets
    Retirement

    Build A Wall Around Your Assets

  2. When A Dispute With Your Broker Calls ...
    Investing

    When A Dispute With Your Broker Calls ...

  3. Protect Your Company From Employee Lawsuits
    Home & Auto

    Protect Your Company From Employee Lawsuits

  4. Material Adverse Effect A Warning Sign ...
    Markets

    Material Adverse Effect A Warning Sign ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center