consent decree

consent decree definition - business

consent decree

A judicial announcement that a voluntary agreement has been reached by parties in a dispute. For example, a pharmaceutical company and the Food and Drug Administration might enter into a consent decree on a decision to halt the sale of a drug.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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