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The doctrine of precedent is a form of reasoning and decision-making formed by case law. If a higher court has made a significant legal point in one case, it would be considered as binding in later courts.
precedent noun [C]. âº LAW a previous âaction or decision that can be used as a reason for âallowing something else: The âruling can âserve as a precedent to âchallenge other similar âcases. A âjudgement against the âfund could set a precedent for âcompensation âpayments to more of its 6,000 âinvestors. This is an experiment without precedent in âeconomic âhistory.a bad/dangerous/good precedent This âlaw sets a very dangerous precedent for all âbusinesses.