Cognovit meaning

kägnōvit
(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.
noun
0
0
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.
noun
0
0
(law) An instrument in writing whereby a defendant in an action acknowledges a plaintiff's demand to be just.
noun
0
0
Advertisement