Judicial Remedy

Injunction
An injunction is a judicial remedy awarded to restrain a particular activity; originally used by courts of equity to prevent conduct contrary to equity and good conscience. It is a preventive measure aimed at averting future harm rather than addressing past injuries.
Involuntary Trust
An involuntary trust, also known as a constructive trust, is a legal relationship recognized by courts that arises due to the association between parties, even in the absence of a formal written trust document.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.