What is the meaning of the term "abuse of discretion" and what is the effect of it?

MultiRegion, United States of America

The following excerpt is from Commercial Union Ins. Co. v. Lord, No. 15-769-cv, No. 15-913-cv (2nd Cir. 2016):

1. "As we have often explained, 'abuse of discretion' is a distinctive term of art that is not meant as a derogatory statement about the district judge whose decision is found wanting." Vill. of Freeport v. Barrella, 814 F.3d 594, 610-11 (2d Cir. 2016) (some internal quotation marks omitted).

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