cognovit

cognovit
noun acknowledged judgment, adjudication, admitted judgment, conceded judgment, confessed judgment, confirmed judgment, decision, declaration, decree, determination, disclosed judgment, finding, legal decision

Burton's Legal Thesaurus. . 2006


cognovit
n. Latin He has conceded. An acknowledgment of a debt or liability in the form of the debtor's written consent to a judgment taken against the debtor by the creditor, if a particular event does or does not occur.
@ cognovit clause
n. A contractual provision whereby a party agrees to the entry of a judgment against him in a particular court or courts without any notice or opportunity to present a defense if he should default on his obligations or otherwise breach the contract. The use of such clauses are outlawed or restricted in most states.
@ cognovit judgment
n.
1 A person or entity's voluntary agreement to the entry against them of a judgment in favor of another person or entity upon the occurrence or non-occurrence of an event without the cost, formality, or time of a legal action or the presentation of a defense in court. Also called confession of judgment.
2 A judgment taken against a defendant by a plaintiff pursuant to such an agreement, especially if the defendant owes money to the plaintiff at the time the agreement was made, and the event that allows the plaintiff to enter the judgment is the defendant's failure to pay the amount owed or a portion thereof on time. Also called confession of judgment.
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Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • 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

  • Cognovit — Cog*no vit, n. [L., he has acknowledged.] (Law) An instrument in writing whereby a defendant in an action acknowledges a plaintiff s demand to be just. Mozley & W. [1913 Webster] …   The Collaborative International Dictionary of English

  • cognovit — See cognovit actionem; cognovit note …   Ballentine's law dictionary

  • cognovit note — see note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cognovit note n. A pro …   Law dictionary

  • cognovit judgment — see judgment 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. cognovit judgment …   Law dictionary

  • cognovit actionem — (Latin: He has confessed the action.) The written confession made by a defendant admitting the merits of the action brought against him or her by a plaintiff. The confession is usually based upon designated conditions, given in court, and… …   Law dictionary

  • cognovit 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

  • cognovit clause — cog·no·vit clause /käg nō vit , kȯg nō wit / n [New Latin cognovit ( actionem ) he/she has acknowledged (the action)]: a clause in an agreement in which one party authorizes the entry of judgment against himself or herself in the event of his or …   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 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

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