Binding Precedent Legal Meaning and Definition

Here is a simplified definition of the legal term Binding Precedent.

Binding Precedent (noun): Refers to a rule established by a higher court, which lower courts are required to follow in similar cases. This legal principle is used to uphold consistency and predictability in legal decisions. It's often part of the doctrine of stare decisis or 'let the decision stand,' which promotes stability in legal rulings.