Legal Remedy

Divestiture
Divestiture involves the loss or voluntary surrender of a right, title, or interest. It can also be a legal remedy where the court orders the offending party to rid itself of assets, often used in the enforcement of antitrust laws.
Freezing Injunction
A court order preventing a defendant from dealing with specified assets to ensure that any judgment given against them will not be rendered ineffectual by their disposal or dissipation of those assets.
Mareva Injunction
A Mareva Injunction, also known as a freezing injunction, is a legal remedy granted by a court to freeze the assets of a defendant to prevent them from being dissipated or moved out of reach, pending the outcome of a legal action.
Prescription
Prescription refers to several distinct legal and medical terms, including the means of acquiring an easement through long-term use, a legal remedy, and a written authorization for pharmaceutical products.
Specific Performance
Specific performance is a legal remedy in contract law, requiring the breaching party to fulfill their obligations under the contract, typically enforced when the subject matter is unique.
Stockholders' Derivative Action
A Stockholders' Derivative Action is a lawsuit filed by shareholders on behalf of a corporation. Such a suit aims to address grievances suffered primarily by the corporation, typically due to breaches of fiduciary duty by those managing the corporation. It's often the only civil remedy available to a stockholder for such breaches.
Unjust Enrichment
Unjust enrichment refers to a scenario where an individual or entity gains or benefits from another's efforts or acts without providing compensation, leading to an obligation to make restitution.

Accounting Terms Lexicon

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