Judgment enforcement is the process of turning a court's judgment into collected money, through liens, garnishment, asset seizure or recognition in another jurisdiction. It is a separate clock and a separate risk from winning the case.
A judgment confers a legal right, not cash. Collection depends on the debtor's assets, their location, their willingness to pay and the procedures available. Cross-border and sovereign matters can make enforcement the dominant source of delay.
Pricing a judgment position therefore needs collection risk estimated separately: an appellate base rate for the residual merits risk, asset tracing for the debtor's reachable assets and a duration distribution for enforcement itself.
Judgment enforcement is not part of the trial. It begins after it, and a funder that underwrote only the merits has priced the wrong risk.
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