A summary of money judgment obtained in court. (When this summary or abstract is recorded in the county recorder's office, in some states the judgment becomes a lien on the debtor's property, both presently owned or after-acquired.)
This is a written summary of a judgment. It states how much money the losing party owes to the person who won the lawsuit, the rate of interest to be paid on that amount, court costs, and any additional orders to be obeyed by the losing party. The abstract is acknowledged and stamped so that it can be recorded at the county recorder.