HomeDefinitionsCompareDebt Cease and desist orderThe financial definition for Cease and desist order:An order issued after notice and opportunity for hearing, requiring a depository instition, a holding company or a depository institution official to terminate unlawful, unsafe or unsound banking practices. Cease-and-desist orders are issued by the appropriate federal regulatory agencies under the Financial Institutions Supervisory Act and can be enforced directly by the courts. Click to compare definitions of Cease and desist order Click to view definitions beginning ce |