declaratory judgment - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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.
declaratory judgment - Legal Definition
Order rendered by a court which establishes rights between parties where there is uncertainty, usually as to a written contract or document. Does not generally result in award of damages, only determination by Court as to meaning or obligations.