cognovit note — An extraordinary note which authorizes an attorney to confess judgment against person or persons signing it. It is written authority of a debtor and a direction by him for entry of a judgment against him if obligation set forth in note is not… … Black's law dictionary
cognovit note — An extraordinary note which authorizes an attorney to confess judgment against person or persons signing it. It is written authority of a debtor and a direction by him for entry of a judgment against him if obligation set forth in note is not… … Black's law dictionary
cognovit note — (ˈ)käg|nōvə̇t noun Etymology: Latin cognovit, literally, he has acknowledged 1. : a note authorizing an attorney to confess judgment 2. a. : a note indicating that its maker acknowledges a debt b. in some jurisdictions … Useful english dictionary
cognovit note — A promissory note that includes language in which the debtor acknowledges liability and allows the creditor to obtain a judgment without suit. Not permitted in some states. American Banker Glossary … Financial and business terms
cognovit note — A promissory note which contains a provision authorizing an attorney, agent, or other representative to confess judgment on the instrument and direct entry of such judgment. 11 Am J2d B & N § 199 … Ballentine's law dictionary
cognovit — [käg nō′vit] n. [short for L cognovit actionem, lit., he has acknowledged the action] Law a written acknowledgment of a debt, esp. as contained in a note (cognovit note), by which the debtor authorizes that judgment be entered for the creditor… … English World dictionary
note — 1 n 1 a: a written promise to pay a debt; specif: promissory note in this entry bank note: a promissory note issued by a bank payable to bearer on demand but without interest and circulating as money cog·no·vit note /käg nō vit , kōg /: a note in … Law dictionary
cognovit — See cognovit actionem; cognovit note … Ballentine's law dictionary
cognovit judgment — /kognowvat/ Confession of judgment by debtor. Written authority of debtor and his direction for entry of judgment against him in the event he shall default in payment. Such provision in a debt instrument or agreement permits the creditor or his… … Black's law dictionary
cognovit judgment — /kognowvat/ Confession of judgment by debtor. Written authority of debtor and his direction for entry of judgment against him in the event he shall default in payment. Such provision in a debt instrument or agreement permits the creditor or his… … Black's law dictionary
