Execution
Quick Summary of Execution
The completion of an order to buy or sell securities. The signing, sealing, and delivering of an agreement.
What is the dictionary definition of Execution?
Dictionary Definition of Execution
n.
- the act of getting an officer of the court to take possession of the property of a losing party in a lawsuit (judgment debtor) on behalf of the winner (judgment creditor), sell it and use the proceeds to pay the judgment. The procedure is to take the judgment to the clerk of the court and have a writ of execution issued which is taken to the sheriff (or marshal, constable or other authorized official) with instructions on what property to execute upon. In the case of real property the official must first levy (place a lien on the title), and then execute upon it (seize it). However, the judgment debtor (loser in the lawsuit) may pay the judgment and costs before sale to redeem real estate.
- carrying out a death sentence.
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This glossary post was last updated: 29th March, 2024.
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