cognovit clause

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 her breach or default

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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. William C … Law dictionary
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

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