confession of judgment

(redirected from Confess judgment)
Also found in: Dictionary, Legal, Wikipedia.
  • noun

Synonyms for confession of judgment

a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings

References in periodicals archive ?
Before the district court trial the City offered to confess judgment of $500,000, which Pinnacle refused.
The sharp increase in uncontested debt actions in the 1730s, in particular the sudden tendency of debtors to confess judgment against themselves to facilitate collection by their creditors should they fail to repay, underscored not only the massive increase in indebtedness but also the acceptance of indebtedness as a necessary cost of doing business.
After the plaintiffs filed suit, Allstate offered to confess judgment in favor of the claimants for $101.
However, a lender can only confess judgment for money against a defaulting borrower if the loan documents expressly authorize the confession of judgment procedure, which is common for commercial loan documents in Pennsylvania.
Given these consequences, to voluntarily confess judgment or to allow judgment to enter by default is only likely to occur where something substantial is at stake and where the effort to collect a debt is real, not ministerial.