cognovit Hear it!

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 debtor’s written consent to a judgment taken against the debtor by the creditor, if a particular event does or does not occur.