What is term for a clause that authorizes a creditor to go into court if the debtor defaults and to have a judgment entered against a debtor without a trial?

Name: What is term for a clause that authorizes a creditor to go into court if the debtor defaults and to have a judgment entered against a debtor without a trial?
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Question

Quizplus · Accepted Answer

A confession of judgment clauses authorizes the creditor to go into court and to have a judgment entered against the debtor.

What Is Term for a Clause That Authorizes a Creditor