Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Buyer
One who makes a purchase. See PURCHASER.
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.
qualified institutional buyer.
See BUYER.
qualified institutional buyer. Securities.
An institution with more than $100 million in invested assets.