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judgment note

American  

noun

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

Example Sentences

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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 Speek, Peter A. (Peter Alexander)

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

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.