declaratory judgment

declaratory judgment definition - business

declaratory judgment

A civil court decision informing the parties of their rights and responsibilities, but without requiring any action or awarding damages to the plaintiff. For example, an insurance company may seek a declaratory judgment to a defense to coverage.

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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