As a result, insider trading has been loosely defined through a mishmash of confusing verdicts and precedents.
But in order to understand power, you have to understand its precedents, like money.
Ironically, almost all the precedents he mentions demonstrate the need for partition of one kind or another.
early 15c., "case which may be taken as a rule in similar cases," from Middle French precedent, noun use of an adjective, from Latin praecedentum (nominative praecedens), present participle of praecedere "go before" (see precede). Meaning "thing or person that goes before another" is attested from mid-15c. As an adjective in English from c.1400. As a verb meaning "to furnish with a precedent" from 1610s, now only in past participle precedented.
A previous ruling by a court that influences subsequent decisions in cases with similar issues.