What does cognovit judgment mean?
Definitions for cognovit judgment
cog·novit judg·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cognovit judgment.
Princeton's WordNet
confession of judgment, confession of judgement, cognovit judgment, cognovit judgementnoun
a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings
ChatGPT
cognovit judgment
A cognovit judgment is a legal judgement that is entered against a debtor after they have admitted or agreed, in writing, to the amount of the debt owed. This is often done in a note or contract before any dispute arises, in which the debtor authorizes a confession of judgement to be entered without notification or a hearing in the event of a default. It is traditionally used in certain jurisdictions as a way to secure debt repayment. However, it is considered controversial and is not allowed in certain jurisdictions due to the potential for abuse.
Numerology
Chaldean Numerology
The numerical value of cognovit judgment in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of cognovit judgment in Pythagorean Numerology is: 1
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"cognovit judgment." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/cognovit+judgment>.
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