confession of judgment


confession of judgment
confession of judgment: acknowledgment by a debtor of a claim and consent that a judgment may be entered usu. without notice or hearing for the amount of the claim when it is due and unpaid compare cognovit note at note

Merriam-Webster’s Dictionary of Law. . 1996.

confession of judgment
n.
Entry of judgment against a debtor without a legal proceeding, done if the debtor signs a cognovit note at the time of purchase.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


confession of judgment
Usually, a clause within a promissory note, allowing the creditor to, upon nonpayment by the borrower, get a court judgment for the amount owed and in some cases collect from the borrower's assets, all without giving the borrower advance notice.
Category: Bankruptcy, Foreclosure & Debt
Category: Business, LLCs & Corporations
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.


confession of judgment
A procedure whereby a defendant did not enter a plea, the usual response to a plaintiff's declaration in common-law pleading, but instead either confessed to the accuracy of the plaintiff's claim or withdrew a plea already entered.

Dictionary from West's Encyclopedia of American Law. 2005.


confession of judgment
A procedure whereby a defendant did not enter a plea, the usual response to a plaintiff's declaration in common-law pleading, but instead either confessed to the accuracy of the plaintiff's claim or withdrew a plea already entered.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

confession of judgment
n.
   a written agreement in which the defendant in a lawsuit admits liability and accepts the amount of agreed-upon damages he/she must pay to plaintiff (person suing him/her), and agrees that the statement may be filed as a court judgment against him/her if he/she does not pay or perform as agreed. This avoids further legal proceedings and may prevent a legal judgment being entered (filed) if the terms are fulfilled by the defendant.

Law dictionary. . 2013.

Look at other dictionaries:

  • Confession of judgment — is a legal term that refers to a type of contract (or a clause with such a provision) in which a party agrees to let the other party enter a judgment against him or her. Such contracts are highly controversial and may be invalidated as a… …   Wikipedia

  • confession of judgment — A written authorization by the debtor to allow the creditor or the creditor s attorney to enter a money judgment against the debtor if the obligation in the promissory note signed by the debtor is not paid when due. (Bernstein s Dictionary of… …   Glossary of Bankruptcy

  • Confession Of Judgment — A written agreement signed by the defendant that accepts the liability and amount of damages that was agreed on. A confession of judgment is a way to circumvent normal court proceedings and avoid a lengthy legal process to resolve a dispute.… …   Investment dictionary

  • confession of judgment — noun a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings • Syn: ↑confession of judgement, ↑cognovit judgment, ↑cognovit judgement • Topics: ↑law, ↑jurisprudence • Hypernyms …   Useful english dictionary

  • confession of judgment — The entry of a judgment upon the admission or confession of the debtor, without the formality, time, or extent involved in all ordinary action or proceeding. Cuikendall v Doe, 129 Iowa 453, 105 NW 698. See cognovit actionem; cognovit note;… …   Ballentine's law dictionary

  • confession — con·fes·sion n 1: an act of confessing 2: an acknowledgment of a fact or allegation as true or proven; esp: a written or oral statement by an accused party acknowledging the party s guilt (as by admitting commission of a crime) compare admission; …   Law dictionary

  • judgment — judg·ment also judge·ment / jəj mənt/ n 1 a: a formal decision or determination on a matter or case by a court; esp: final judgment in this entry compare dictum, disposition …   Law dictionary

  • Confession of error — is a legal practice whereby the United States Solicitor General in his or her role representing the federal government before the Supreme Court of the United States admits a lower court incorrectly decided a case and it is thereby sent back for… …   Wikipedia

  • confession relicta verificatione — Confession of judgment after pleading and before trial, the defendant confessing the plaintiff s cause of action and withdrawing or abandoning his defense or other procedures taken by him. 30A Am J Rev ed Judgm § 156 …   Ballentine's law dictionary

  • judgment — A sense of knowledge sufficient to comprehend nature of transaction. Thomas v. Young, 57 App. D.C. 282, 22 F.2d 588, 590. An opinion or estimate. McClung Const. Co. v. Muncy, Tex.Civ.App., 65 S.W.2d 786, 790. The formation of an opinion or notion …   Black's law dictionary


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