Confession Of Judgment

Business, Legal & Accounting Glossary

Definition: Confession Of Judgment




What is the dictionary definition of Confession Of Judgment?

Dictionary Definition


n. a written agreement in which the defendant in a lawsuit admits liability and accepts the amount of agreed-upon damages he/she must pay to plaintiff (person suing him/her), and agrees that the statement may be filed as a court judgment against him/her if he/she does not pay or perform as agreed. This avoids further legal proceedings and may prevent a legal judgment being entered (filed) if the terms are fulfilled by the defendant.


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https://payrollheaven.com/define/confession-of-judgment/
Modern Language Association (MLA):
Confession Of Judgment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 25, 2021 https://payrollheaven.com/define/confession-of-judgment/.
Chicago Manual of Style (CMS):
Confession Of Judgment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/confession-of-judgment/ (accessed: September 25, 2021).
American Psychological Association (APA):
Confession Of Judgment. PayrollHeaven.com. Retrieved September 25, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/confession-of-judgment/

Definition Sources


Definitions for Confession Of Judgment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.