Default Judgment

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Dictionary Says

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 Says

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.

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'Default Judgment'

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    ... of pinpoint exactitude with rigid rules, in practice accountants rely heavily on
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    ... asset on a bank's financial statement carries some risk of default or loss. ... This
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    ... occurs and you owe $220,000 to your lending company, a deficiency judgment of payment ...
    The moment you default on your mortgage payments, the lender will rush in ...

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    ... the judgment debtor has. Tax Deed - Issued when a property is sold for delinquent
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    ... not obligated to indemnify the insured for a settlement, verdict or judgment based
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    ... protect banks from failure does not take into account the changing nature of default
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    ... debt collector. The collector must then obtain verification of the debt
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    ... using the trading parameters you've pre-established or the default settings you ... With
    automated trading, such all-too-human lapses of judgment just don't occur. ...

  • Analyzing A Bank's Financial Statements

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    ... Credit risk is the likelihood that a borrower will default on its loan ... provision
    for loan losses involves a high degree of judgment, representing management's ...

  • The Importance Of Your Credit Rating

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    ... and you have an insufficient credit history for making an accurate judgment of your ...
    R9 or I9, You officially have bad debt (default), which usually means it is ...

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