Definitions for "Confession of judgment"
a judgment entered after a written confession by the debtor without the expense of ordinary legal proceedings
a contract clause in which the debtor consents in advance to allow the creditor to obtain a judgment against the debtor without giving the debtor prior notice or an opportunity to be heard in court
a written statement whereby a debtor permits judgment to be entered against the debtor without the necessity of the creditor's bringing legal proceedings against him
Credit contract provision whereby a borrower agrees to accept guilt in advance for any suit that may be brought against him/her by the lender, regardless of the reason for nonpayment.