cognovit
cognovit
Definition
cog·no·vit (käg nō′vit)
noun
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 without a trial if the debt is not paid when it becomes due
Etymology: short for L cognovit actionem, lit., he has acknowledged the action
cognovit
Law Definition
n
Latin
He has conceded. An acknowledgment of a
debt or liability in the form of the debtors written consent to a judgment
taken against the debtor by the creditor, if a particular event does or does
not occur.
Browse dictionary entries near cognovit
- cognoscible
- cognoscente
- cognomen
- cognize
- cognizant
- cognizance
- cognizable
- cognitive science
- cognitive radio
- cognitive dissonance
- cognovit clause
- cogon
- COGS
- cogwheel
- cohabit
- cohabitant
- cohabitation
- Cohan
- coheir
- coheiress
