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confession of judgement

   Also found in: Wikipedia 0.01 sec.
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Noun1.confession of judgement - a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings
judicial decision, judgment, judgement - (law) the determination by a court of competent jurisdiction on matters submitted to it
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"


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The accrued interest and all collection costs still owed by Morningside have been reduced to a one-year promissory note secured with a letter of credit, individual guarantees, and a confession of judgement.
 
 
 
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