The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CEASE AND DESIST Definition & Legal Meaning

Definition & Citations:

1. In law it is an order to prohibit starting or continuing a specific action stated in the order. Used against a person or an enterprise; usually issued by a court or a government agency. 2. In finance it is an order to stop starting or continuing activities that may not be legal. Begun with the implementation of the Financial Institutions Regulator Act of 1978, this order is issued by a court or government agency. The order is meant to allow parties an opportunity to be heard during a hearing. Often, it is used to prevent practice of risky banking procedures.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.