Court Decision

Decree
A decree is an authoritative order or official legal proclamation issued by a person or body with administrative or judicial jurisdiction. It primarily serves as a final court order or decision.
Ruling
A ruling is an authoritative decision or pronouncement made by a court or an authoritative body like the IRS, which provides a formal decision on a matter of law.
Stare Decisis
Stare Decisis is a legal principle that mandates courts to follow judicial precedents set by previous cases when making decisions on new cases involving similar issues.

Accounting Terms Lexicon

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