What Litigation Term Is Used to Describe the Party That

question 46

Multiple Choice

What litigation term is used to describe the party that has a judgment registered against them?

• A) judgment indebted
• B) the judgment creditor
• C) judgment proof
• D) the judgment debtor

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Definitions:

Capital Stock

The total amount of shares that a corporation is authorized to issue to shareholders, representing the primary source of equity financing for the company.

Cumulative Preferred Stock

A type of preferred stock that entitles the shareholder to receive dividends that were missed in the past before any dividends are paid to common stock shareholders.

Capital Stock

The total amount of shares that a corporation is authorized to issue as stated in its articles of incorporation.

Dividend

A portion of a company's earnings distributed to its shareholders.