binding precedent

A precedent that a court must follow.

• For example, a lower court is bound by an applicable holding of a higher court in the same jurisdiction.

— Also termed authoritative precedent; binding authority. Cf. imperative authority under AUTHORITY(4). [Cases: Courts 88, 107. C.J.S. Courts §§ 139, 165, 175; Criminal Law § 1665; Trade-Marks, Trade-Names, and Unfair Competition § 187.]

---

词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。