Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Buy
See PURCHASE (1).
Buyer
One who makes a purchase. See PURCHASER.
Buyout
n. The purchase of all or a controlling percentage of the assets or shares of a business. - buy out, ub. Cf. MERGER (7).
buy order
An investor's instruction to purchase stock.
buy-and-sell agreement
See BUY-SELL AGREEMENT.
buy-down
n. Money paid by the buyer of a house to reduce the mortgage-interest payments.
buy-sell agreement
1. An arrangement between owners of a business by which the surviving owners agree to purchase the interest of a withdrawing or deceased owner. Cf. CONTINUATION AGREEMENT. 2. Corporations. A share transfer restriction that commits the shareholder to sell, and the corporation or other shareholders to buy, the shareholder's shares at a fixed price when a specified event occurs. - Also termed buy-and-sell agreement. Cf. OPTION AGREEMENT. BW. abbr. BID WANTED.
buyer in ordinary course of business
A person who in good faith and without knowledge that the sale violates a third party's ownership rights or security interest in the goods - buys from a person regularly engaged in the business of selling goods of that kind. Pawnbrokers are excluded from the definition. UCC ยง 1-201(9).
buyer's market
A market in which supply significantly exceeds demand, resulting in lower prices.
buying in
n. The purchase of property by the original owner or an interested party at an auction or foreclosure sale buy in, ub
buying on margin
See MARGIN TRANSACTION.
buying syndicate
A group of investment bankers who share the risk in underwriting a securities issue.
cross-purchase buy-sell agreement.
1. BUY SELL AGREEMENT (1). 2. A partnership insurance plan in which each partner individually buys and maintains enough insurance on the life or lives of other partners to purchase a deceased orexpelled partner's equity.
first option to buy.
See RIGHT OF PREEMPTION.
leveraged buyout
The purchase of a publicly held corporation's outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by the corporation's assets. - Abbr. LBO.
management buyout
1. A buyout of a corporation by its own directors and officers. 2.A leveraged buyout of a corporation by an outside entity in which the corporation's management has a material financial interest. - Abbr. MBO. See GOING PRIVATE.
qualified institutional buyer.
See BUYER.
qualified institutional buyer. Securities.
An institution with more than $100 million in invested assets.