confession of judgment


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Noun1.confession of judgment - 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"
References in periodicals archive ?
A creditor need only have an attorney sign a confession of judgment to obtain a judgment by confession (assuming that the creditor has the right to such a judgment), and can do so without ever notifying the debtor.
A central empirical finding presented in Neighbors and Strangers is that when colonial citizens began relying with greater frequency on formal, written credit instruments, litigation in the vast majority of cases ended in either confession of judgment or default.
One of the major benefits of the confession of judgment is that the lien of the judgment and any proceedings to enforce the lien (for example, a sheriff's sale of the mortgaged property and/or seizure of the borrower's bank accounts) will continue without interruption while any proceedings instituted by the borrower to challenge the judgment are pending.
Pursuant to the note, Mid-Power signed and delivered a Confession of Judgment under which Davis could, without notice to Mid-Power, obtain a judgment for $10.
This Note presents an empirical examination of the nature of default judgments and confession of judgment cases in the colonial courts.