Dictionary of Legal Terms
A promissory note (a written promise to pay money) in which the maker acknowledges a debt with the understanding that, if the debt is not repaid, a court may order a judgment against the maker without the usual notice or hearing. Cognovit notes are prohibited in consumer transactions in Ohio. See promissory note.
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This dictionary was developed by the Ohio State Bar Association with funding from the Ohio State Bar Foundation. The information contained in this dictionary is general and should not be applied to specific legal problems without first consulting your own attorney.
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