Consent Decree

Business, Legal & Accounting Glossary

Definition: Consent Decree




What is the dictionary definition of Consent Decree?

Dictionary Definition


n. an order of a judge based upon an agreement, almost always put in writing, between the parties to a lawsuit instead of continuing the case through trial or hearing. It cannot be appealed unless it was based upon fraud by one of the parties (he lied about the situation), mutual mistake (both parties misunderstood the situation) or if the court does not have jurisdiction over the case or the parties. Obviously, such a decree is almost always final and non-appealable since the parties worked it out. A consent decree is a common practice when the government has sued to make a person or corporation comply with the law (improper securities practices, pollution, restraints of trade, conspiracy) or the defendant agrees to the consent decree (often not to repeat the offense) in return for the government not pursuing criminal penalties. In general a consent decree and a consent judgment are the same.


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https://payrollheaven.com/define/consent-decree/
Modern Language Association (MLA):
Consent Decree. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 18, 2021 https://payrollheaven.com/define/consent-decree/.
Chicago Manual of Style (CMS):
Consent Decree. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/consent-decree/ (accessed: September 18, 2021).
American Psychological Association (APA):
Consent Decree. PayrollHeaven.com. Retrieved September 18, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/consent-decree/

Definition Sources


Definitions for Consent Decree are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.