consent order



  • A legal document that stipulates an understanding between two or more parties when an action or series of transactions is expected to happen. All parties agree for these to occur within the conditions and limitations stated in the order. It has the legal force of a court order as long as there is no factual error contained within the document. When consent orders are used in Forex transactions, the host or originating country's laws and regulations generally apply. This should be stated clearly in the document in case there is a later dispute.