confession of judgment
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 Bankruptcy Terminology)

United Glossary of Bankruptcy Terms 2012.

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.

US Bankruptcy 2012.


Glossary of Bankruptcy.

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 — 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… …   Law dictionary

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

  • CONFESSION OF SINS — (Heb. וִדּוּי, viddui). Biblical Literature In the Bible, the confession of sin committed either individually or collectively is an essential prerequisite for expiation and atonement. Such confession is often followed by divine pardon. Thus the… …   Encyclopedia of Judaism

  • Confession of Faith (United Methodist) — Part of a series on Methodism John Wesley …   Wikipedia

  • Confession of 1967 — Calvinism John Calvin Background Christianity …   Wikipedia

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