Definition: A course of action declaring rights claimed under a contract or statute intended to prevent loss or to guide performance by the party or parties affected.
Pronunciation: \di-ˈkler -ə-ˌtȯr-ē\\ˈjəj-mənt\
Used in a Sentence: The broker felt he deserved a portion of the disputed funds so he filed for a declaratory judgement.
Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
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