Definition of "Cognovit clause"

Xena Vallone real estate agent
Xena Vallone, Real Estate Agent Xena Vallone Realty

Provision in a loan agreement where a debtor authorizes a judgment against him in the event of a default. These agreements are widely restricted, but when they are lawful, the creditor is empowered to appear in court and enter judgment against the debtor.


Need help from a real estate agent?

Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a realtor and want to become a member?

Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.


*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions