judgment note

American

noun

Law. a note that expressly authorizes a creditor, in case of default, to seek a judgment in court without notifying the debtor.

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judgment note

It is a common practice with some dealers to take a judgment note for commission which can be entered up without process and execution levied against the property of the defendants.

From A Stake in the Land by Peter A. (Peter Alexander) Speek

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023