Judicial Process

Amicus Curiae
Latin for 'friend of the court.' Amicus curiae refers to a person or organization that is not a party to a legal case but offers information or expertise to assist the court in its decision-making.
Consent Order/Decree
A consent order or decree is an agreement by a defendant to cease activities deemed illegal by the government. This agreement, subject to court approval, bypasses definitive judicial determination but is binding.
Litigation
Litigation is a judicial contest through which legal rights are sought to be determined and enforced. It typically involves various stages, including pleadings, discovery, trial, and potentially appeal.
Suit (Legal)
A suit is a legal proceeding through which an individual or entity pursues a remedy that could be allowed by a court of law. It represents a formal dispute resolution process where judicial decisions are sought for enforcement of legal rights and obligations.

Accounting Terms Lexicon

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