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Cognovit Clause

cognovit clause n

[New Latin cognovit (actionem ) heshe has acknowledged (the action)]
: a clause in an agreement in which one party authorizes the entry of judgment against himself or herself in the event of his or her breach or default


Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.