Execution

Business, Legal & Accounting Glossary

Definition: Execution




What is the dictionary definition of Execution?

Dictionary Definition


n.

  1. 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.
  2. carrying out a death sentence.

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Execution. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/execution/.
Chicago Manual of Style (CMS):
Execution. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/execution/ (accessed: September 26, 2021).
American Psychological Association (APA):
Execution. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/execution/

Definition Sources


Definitions for Execution are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 1 Views.