Simple English definitions for legal terms
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A confessed judgment is when someone agrees to have a judgment entered against them based on a certain event, like making a payment. It can also be when a debtor gives written consent for a creditor to take a judgment against them. The paper where the person agrees is called a confessed judgment, cognovit judgment, statement of confession, or warrant of confession. It is similar to a warrant of attorney, but not exactly the same.
A confessed judgment is when a person agrees to have a judgment entered against them based on a certain event, such as making a payment. It can also refer to a judgment taken against a debtor by a creditor, based on the debtor's written consent.
These examples illustrate how a confessed judgment can be used as a way to quickly obtain a judgment against a debtor without going through the court process. It is important to note that confessed judgments can have serious consequences for the debtor, such as wage garnishment or property seizure.