Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Cognovit Note
ABA
Updated 10-31-2026
Cognovit Note
a promissory note which contains a provision by which the borrower agrees to let the lender, without notice to the borrower or guarantor, file an answer on behalf of the borrower confessing judgment in favor of the lender, which then allows a court to issue a judgment immediately rather than through the normal, lengthier process of litigation.
American Bar Association Glossary of Real Estate Terms
ABA · p. 2
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