What is judicial precedent?

Answer

A judicial precedent refers to a judgment of a court of law cited as an authority for deciding a similar set of facts; a case which serves as authority for the legal principle embodied in its decision. It is also a decision of the court used as a source for future decision making.
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1 Additional Answer
Judicial Precedent can be defined as the way in which the law is made and amended through the decisions made by judges. It can also be defined as a decision of the court used as a source for future decision making. The set of guidelines of judicial precedent is based on the principle of stare decisis that is similar cases must all be treated alike
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