Adjudication
Definition of "Adjudication"
The adjudication definition is a legal ruling or judgment used in the justice system when a case is settled or finalized. To define adjudication, we must look at the justice system and how claims are settled. When a settlement takes place in court, a final judgment is given or a pronouncement that determines future actions about the presented issue.
Adjudication also refers to a decree in the process of bankruptcy that occurs between the creditor and the defendant. The validation of an insurance claim can also be referred to as an adjudication.
What is an adjudication?
As stated above, adjudication is a term used in court cases or legal rulings. But what does adjudication mean? The adjudication meaning can be described as a legal process that expedites and delivers the court’s resolution concerning the issues raised by the parties involved in the trial. Adjudications usually involve cases concerning money or infractions that are nonviolent. The result of adjudication is the distribution of rights and obligations for the parties involved in the case.
How does an adjudication process work?
The legal process of adjudication isn’t based on proof and doesn’t seek justice like other court cases, but to settle disputes between private parties. Some examples of these parties can be political officials against a private party, public officials against public bodies, and they can be seen in healthcare to help determine a carrier’s liability concerning money claimed by the insured individual.
Some rules govern the adjudication process as with any legal process like evidence and procedure. Laws are defined, and the initiating party gives the notice to establish facts, giving the reason for the claim. Sometimes a notice will also include the outline of the dispute between the parties involved, recounts when and where the conflict took place, and expresses the preferred result based on the law.
The plaintiff gets an adjudicator assigned, and the notice is sent to the defendant, or responding part. The defendant party forwards their response to the claim of adjudication; they both present their arguments in from of the adjudicator, which makes the final ruling or the adjudication.
Popular Real Estate Terms
An actual location’s elevation defines the height or space below or above an established reference point. We call this point geoid, a math model of our planet’s sea level. ...
- What are the closing costs?Closing costs are the fees and expenses paid during Closing. They are not included in the final purchase price of the property.- How much are the closing ...
The adjudication definition is a legal ruling or judgment used in the justice system when a case is settled or finalized. To define adjudication, we must look at the justice system and how ...
Insulating material attached to crevices around doors and windows to prevent air from either entering or escaping from a structure. Tacked, stapled, or glued onto the surfaces of the doors ...
Giving one's approval to another, e.g., a fiduciary, to manage his or her finances. ...
Large scale map of an urban area detailing land use. City plans are essential for projecting the growth, development, and redevelopment of the urban area. The major objective of a city plan ...
An easement granted to a public utility. ...
Amount by which the appraised value of property exceeds the debt balance. If property has a fair market value of $ 250,000 while the mortgage balance is $110,000, the owner's equity in the ...
An adjustment to the internal rate of return (IRR) computation so as to improve this measure. This uses a risk-free after-tax rate and a customary rate for money reinvestment. ...
Have a question or comment?
We're here to help.