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Simple English definitions for legal terms
judgment creditor
Read a random definition: retail
A quick definition of judgment creditor:
A judgment creditor is someone who has the right to ask for money that was awarded to them as part of a court decision. This is different from a judgment debtor, who owes the money to the creditor.
A more thorough explanation:
Definition: A judgment creditor is a person or entity that has been awarded money damages as part of a legal judgment and has the right to demand payment from the judgment debtor.
Example: If a person sues their former employer for wrongful termination and is awarded $50,000 in damages, they become a judgment creditor. They can then demand payment from the employer, who is the judgment debtor.
Explanation: A judgment creditor is someone who has won a legal case and has been awarded money damages. They have the right to demand payment from the judgment debtor, who is the person or entity that owes the money. In the example given, the person who sued their former employer is the judgment creditor because they won the case and were awarded damages. The former employer is the judgment debtor because they owe the money to the judgment creditor.