Court Rulings

Adjudication
Adjudication refers to the legal process of resolving a dispute or deciding a case. The judgment or decision of a court, especially in bankruptcy proceedings, is considered adjudication.
Judgment
Judgment refers to the determination or decision of a court, or a monetary decision for property taken for public use. It also encompasses the use of understanding and intuition to resolve problems.
Landmark Decision
A landmark decision is a court case that is studied because it has historical and legal significance. These decisions notably set important precedents that can influence and guide future court rulings. In the legal field, a landmark decision can shape or alter laws, societal norms, and judicial interpretations.

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.