Confession of judgment

{
  "id": "MLC-T-LAW-001174",
  "term": "Confession of judgment",
  "field": "Law",
  "definition": "A legal document signed by a debtor that permits a creditor to obtain a judgment against the debtor without the need for a lawsuit, typically upon the occurrence of a default. This allows the creditor to bypass the usual litigation process to secure a judgment. Many jurisdictions have restrictions or prohibitions on the use of confessions of judgment due to concerns about due process.",
  "url": "https://mlchart.com/terminology/law/confession-of-judgment/"
}