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cognovit clause

From Wiktionary, the free dictionary

English

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Etymology

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This etymology is missing or incomplete. Please add to it, or discuss it at the Etymology scriptorium.
Particularly: “From English cognovit or directly from Latin cognovit? This determines whether it should be listed as a derived term of cognovit.”

Noun

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cognovit clause (plural cognovit clauses)

  1. A provision of a contract in which a debtor concedes to jurisdiction in certain courts, waives notice agreements, and in case of a default or breach grants an adverse judgment.

References

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  • Black's Law Dictionary 10th Edition (2014)
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