Judicial precedent definition
Judicial precedent means a judgment of a Court of law cited as an authority for deciding a similar set of facts; a case which serves as authority for the legal principle embodied in its decision. A judicial precedent is a decision of the Court used as a source for future decision making.
Examples of Judicial precedent in a sentence
Judicial precedent regarding the rights of shareholders is more limited under Cayman Islands law than under U.S. law.