Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Absorption
The act or process of including or incorporating a thing into something else; esp., the application of rights guaranteed by the U.S. Constitution to actions by the states. 2. Int'l law. The merger of one nation into another, whether voluntarily or by subjugation. 3. Labor law. In a post-merger collective-bargaining agreement, a provision allowing seniority for union members in the resulting entity. 4. Real estate. The rate at which property will be leased or sold on the market at a given time. 5. Commercial law. A sales method by which a manufacturer pays the seller's freight costs, which the manufacturer accounts for before quoting the seller a price. - Also termed (in sense 5) freight ,absorption. - absorb, ub.
freight absorption.
See ABSORPTION (5).