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Glossary

enforcement office

In Tribunals and Courts

An enforcement office is a place responsible for making sure court orders are followed. For example, they may help garnish the wages or bank accounts of a person who owes money.

enforcing your judgment

In Tribunals and Courts

Enforcing your judgment is when you take steps to get what is owed to you because of a court order. For example, it may include damages or personal property that the debtor owes you.

equity

In Debt and Consumer Rights, Tribunals and Courts

Equity is the value of your asset after you subtract how much you owe on it. For example, the equity you have in your house is the amount of money you would get if you sold your house and paid off all your debts on the house, like your mortgage. If your house is worth $200,000, and you have a mortgage of $150,000, the equity you have in your house is $50,000.