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English definition of “precedent”

precedent

noun [C]     /ˈpresɪdənt/
LAW a previous action or decision that can be used as a reason for allowing something else : The ruling can serve as a precedent to challenge other similar cases . A judgement against the fund could set a precedent for compensation payments to more of its 6,000 investors . This is an experiment without precedent in economic history .a bad/dangerous/good precedent This law sets a very dangerous precedent for all businesses . create / establish / provide a precedent a legal precedent base sth on/ follow a precedent → See also condition precedent
(Definition of precedent noun from the Cambridge Business English Dictionary © Cambridge University Press)
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