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.

More On This Topic

Link to This Definition
Did you find this definition of CEASE AND DESIST helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary