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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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)

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