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judgement
/ˈdʒʌdʒmənt/ (say 'jujmuhnt)

noun 1.  the act of judging.

2. Law
a.  a court's decision as to the rights of parties in an action brought before it, as embodied in its final pronouncement.
b.  (more broadly) the court's reasoning and conclusion, as well as its pronouncement of the legal consequences.

3.  ability to judge justly or wisely, especially in matters affecting action; good sense; discretion.

4.  the forming of an opinion, estimate, notion, or conclusion, as from circumstances presented to the mind.

5.  the opinion formed.

6.  a misfortune regarded as inflicted by divine sentence, as for sin.

Also, judgment.
Usage: Although the general community is roughly divided on the preferred spelling, with a slight tendency towards judgement rather than judgment, there is a convention in the legal community to use the judgment spelling.