Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Borrow
vb. 1. To take something for temporary use. 2. To receive money with the understand- ing or agreement that it must be repaid, usu, with interest. See LOAN.
Borrower
A person or entity to whom money or something else is lent.
Borrowhead
See BORSHOLDER.
borrowed capital
Funds lent to a corporation or other entity to finance its operations, such as cash dividends that are declared by a corporation but temporarily retained (with stockholder approval) to provide operating funds.
borrowed employee
An employee whose services are, with the employee's consent, lent to another employer who temporarily assumes control over the employee's work. Under the doctrine of respondeat superior, the borrowing employer is vicariously liable for the employee's acts. But the employer may also be entitled to assert immunity under workers'-compensation laws. - Also termed borrowed servant; loaned employee; loaned servant; employee pro hac vice; special employee. See RESPONDEAT SUPERIOR.
borrowed servant
See borrowed employee un der EMPLOYEE.
borrowed-statutes doctrine
The principle that if one state adopts a statute identical to that of another state, any settled judicial construction of that statute by the courts of the other state is binding on the courts of the state that later enacts the statute.
borrowing statute
A legislative exception to the conflict-of-laws rule holding that a forum state must apply its own statute of limitations. A borrowing statute specifies the circumstances in which a forum state will apply another state's statute of limitations.