COGNOVIT JUDGMENT
cognovit judgment: translation
- 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 Bankruptcy Terminology)
United Glossary of Bankruptcy Terms2012.
- 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.
US Bankruptcy2012.