Confession Of Judgement (Noun)
Meaning
A judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings.
Classification
Nouns denoting acts or actions.
Examples
- A confession of judgment was filed against the defendant after they defaulted on their loan payments and admitted to owing the full amount.
- The confession of judgment saved both parties time and money by bypassing a lengthy trial and instead using a simplified legal process.
- After the borrower missed several payments, the lender threatened to obtain a confession of judgment to settle the outstanding debt.
- A written confession of judgment is a serious step and may not be retracted or reversed after it is executed.
- If a defendant is faced with an insurmountable amount of evidence, entering into a confession of judgment can help expedite the case's resolution.