consent decree

noun Law.
1.
an agreement, approved by the court, pursuant to which the defendant ceases activities alleged by the government to be illegal and the government's action is dropped, especially in antitrust and other regulatory matters.
2.
an agreement made in court by the parties to settle a suit in equity.

Origin:
1920–25

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Work was set back months as the company attempted to negotiate a consent decree in federal court.
The statement, though undoubtedly true, had the odd legal precision of a consent decree.
All three entered into a consent decree and sold their interests in the partnership.
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