REVERSAL

reversal

reversal, n. 1. An appellate court’s overturning of a lower court’s decision. [Cases: Appeal and Error 1156–1180; Federal Courts 932. C.J.S. Appeal and Error §§ 757, 800, 830, 906, 911–960.] 2. Securities. A change in a security’s near-term market-price trend.

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reversal

reversal n. (1)撤销;推翻 指上诉审法院撤销下级法院所作的判决或宣布其无效。它与推翻先前判决或先例〔overruling〕不同。 (2)逆行 用以表述证券市场或期货市场上行情变动方向的术语。例如,道琼斯工业平均指数在持续地由1 100上升到1 200后,又跌回至1 100。

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