Jan 07 , 2016

Tampa School of Real Estate

Declaratory Judgement

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.

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