confession of judgment

[n] - a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings
Found on http://www.webdictionary.co.uk/definition.php?query=confession%20of%20judgm

confession of judgment

confession of judgement noun a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings
Found on https://www.encyclo.co.uk/local/20974

Confession Of Judgment

A written statement where the defendant accepts all the allegations imposed upon him by the plaintiff and agrres to pay for damages.Legal action can be taken against him in case on non performance of the terms mentioned in the statement.If the terms are fullfilled it leads to termination of further legal proceedings.
Found on http://www.encyclo.co.uk/local/21213

confession of judgment

Act of a debtor in permitting judgment to be entered against him/her by a creditor. Also known as cognovit judgment.
Found on http://www.pacourts.us/learn/legal-glossary

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.
Found on http://www.nolo.com/dictionary/confession-of-judgment-term.html
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