Akademik

judgment

A sum due for payment or collection as a result of a court order. American Banker Glossary

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judgment judg‧ment [ˈdʒʌdʒmənt] also judgement noun

1. [countable] an opinion formed or a decision made after careful thought:

• Traders said they would wait to see more economic data before making a judgement about the economy.

• Mr Overs has said he is reserving judgment (= not forming an opinion until all the facts are available ) on the deal.

ˈvalue ˌjudgment [countable]

a decision or judgment about how good something is, based on opinions rather than facts:

• Someone has got to make a value judgment about whether the benefits of the deal are worth the cost.

2. [uncountable] the ability to make good decisions:

• There is no substitute for common sense and good business judgment.

• The company has shown poor judgment in its investment strategy.

3. [countable] LAW a decision made by a court of law:

• The former president of the company now faces a $2.2 million federal court judgment against him.

• Marx sued his employer and won a judgment for £25,000.

• The court upheld a judgment (= said that another court's judgment was correct ) in the firm's favor.

deˈfault ˌjudgment also ˌjudgement in/by deˈfault [countable] LAW

a legal judgment made in favour of someone because the other person involved in the case has failed to do something they should have done:

• A default judgment was entered against Mr. Antar after he repeatedly failed to appear in court.

deˈficiency ˌjudgment [countable]

LAW a decision by a court that a borrower still owes money after the security for a loan is sold for less than the amount owed

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judgment UK US (UK also judgement) /ˈdʒʌdʒmənt/ noun

► [C or U] a decision that you make, or an opinion that you have, after considering all the facts in a situation: »Shareholders should back the company's judgement and take up their rights.
»Financial analysts make informed judgments about how stock markets are likely to perform.
make/form/reach a judgment (about/on sth) »We tend to make judgments about people at work based on our first impressions.

► [U] the ability to make good decisions or to form sensible opinions about something: »Careful judgement will be needed in deciding whether it is trade policy or environmental policy which must be adjusted.
»Newspaper editors are sometimes guilty of errors in judgement.
sound/good/poor judgment »Sound judgment is essential because decisions we make directly affect people's health and safety.
»professional/business judgment
exercise/use your judgment »We rely on trustees to exercise their judgment in overseeing financial procedures
trust/doubt/question sb's judgment »Junior employees are often reluctant to question the judgment of their bosses.
»People should not be forced, against their better judgment, into taking out loans they cannot repay.
in sb's judgment »In my judgement, this is the biggest foreign policy mistake the country has ever made.

► [C or U] LAW a final decision made by a judge in a court of law: »HM Revenue & Customs is using the recent judgement to argue that UK shareholders in offshore companies should pay income tax.
judgment against sb/sth »They won a $2.8 million judgment against the insurer for shortchanging them for storm damage to their home.
»a County Court/Supreme Court judgment
a €500,000/$16.8 million, etc. judgment »She won a $450,000 judgment after convincing jurors she was subject to sexual harassment.
»hand down/issue/uphold a judgment

● pass judgment — Cf. pass judgment

● reserve judgment — Cf. reserve judgment

● sit in judgment on sb — Cf. sit in judgment on sb

→ See also DEFAULT JUDGMENT(Cf. ↑default judgment), DEFICIENCY JUDGMENT(Cf. ↑deficiency judgment), SUMMARY JUDGMENT(Cf. ↑summary judgment), VALUE JUDGMENT(Cf. ↑value judgment)

Financial and business terms. 2012.