Cognovit Definition
kägnōvit
noun
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.
Webster's New World
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.
Webster's New World Law
(law) An instrument in writing whereby a defendant in an action acknowledges a plaintiff's demand to be just.
Wiktionary
Other Word Forms of Cognovit
Noun
Singular:
cognovit
Plural:
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