Vocab Bloom Hub

confession of judgment

/kənˈfeʃən əv ˈdʒʌdʒmənt/

Traducción: Documento legal en el que el deudor admite la deuda y consiente que se dicte sentencia en su contra sin necesidad de juicio, utilizado frecuentemente en contratos de préstamo o acuerdos de cobro de deudas.

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phrase

/kənˈfeʃən əv ˈdʒʌdʒmənt/C1formallegal
  • esDocumento legal en el que el deudor admite la deuda y consiente que se dicte sentencia en su contra sin necesidad de juicio, utilizado frecuentemente en contratos de préstamo o acuerdos de cobro de deudas.

A legal document in which a debtor agrees to allow a creditor to obtain a judgment against them without a trial, typically used in loan agreements or debt settlements.

  1. Legal agreement to admit liabilityC2formal

    A written agreement in which a debtor admits liability and consents to a judgment being entered against them without a trial.

    esConfesión de sentencia

    • The borrower signed a confession of judgment, allowing the lender to obtain a court order immediately.
    • In some states, confessions of judgment are considered controversial due to the waiver of due process rights.
    • The contract included a confession of judgment clause that the debtor agreed to in case of default.