Business, Legal & Accounting Glossary
An order issued by an administrative agency or a court proscribing a person or a business entity from continuing a particular course of conduct.
n. an order of a court or government agency to a person, business or organization to stop doing something upon a strong showing that the activity is harmful and/or contrary to law. The order may be permanent or hold until a final judicial determination of legality occurs. In many instances the activity is believed to cause irreparable damage such as receipt of funds illegally, felling of timber contrary to regulation, selling of shares of stock without a proper permit, or oil drilling which would damage the ecology.
The force and effect of a cease and desist order are similar to those of an injunction issued by a court.
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This glossary post was last updated: 9th October, 2021 | 3 Views.