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judgment note

noun
1.
Law. a note that expressly authorizes a creditor, in case of default, to seek a judgment in court without notifying the debtor.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for judgment note
  • The debtor shall be provided with a written explanation of the consequences of signing a confess-judgment note.
  • Security for deferred payments other than a confess-judgment note may be accepted in appropriate cases.
  • The debtor shall be provided with a written explanation of the consequences of signing a confession of judgment note.

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