Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Call
ub. 1. To summon. 2. To demand payment of money. 3. To redeem (a bond) before maturity.
Callable
bond. See redeemable bond under BOND (3).
Marescallus
n. [Law Latin] 1. A marshal; a high royal officer. - Also termed mareschal. 2. A master of the stables. 3. A military officer, similar to a constable, who acted as quartermaster. 4. An officer of the Court of Exchequer. 5. A state officer. 6. An officer of a manor.
Recall
n. 1. Removal of a public official from office by popular vote. 2. A manufacturer's request to consumers for the return of defective products for repair or replacement. 3. Revocation of a judgment for factual or legal reasons. - recall, vb.
Senescallus
n. [Law Latin] See SENESCHAL.
broker call loan
See call loan.
calendar call
A court session in which the judge calls each case awaiting trial, determines its status, and assigns a trial date.
call equivalent position
Securities. A security position that increases in value as the value of the underlying equity increases. ( It includes a long convertible security, a long call option, and a short put option SEC Rule 16a-1(b) (17 CFR 240 16A-1(B).
call loan
A loan for which the lender can demand payment at any time, usu. with 24 hours' notice, because there is no fixed maturity date. - Also termed broker call loan; demand loan. Cf. term loan.
call option
See,
call option.
An option to buy something (esp. securities) at a fixed price even if the market rises; the right to require another to sell. - Often shortened to call.
call patent
A land patent in which the corners have been staked but the boundary lines have not been run out at the time of the grant.
call premium
The percentage amount of , bond's face value that a company pays, alone.; with the face value, to redeem a callable bon(i, the difference between a bond's call price and its par value.
call price
1 The price at which a bond may be retired before its maturity. 2. See strike price.
call to the bar
n. The admission of a person: practice law. 0 This common phrase is a loa translation of the Latin ad barram evocatus: ("called to the bar"). See AD BARR,, TUS. - Also termed calling to the bar
call-protection clause
A clause in a bond is sue or a callable preferred stock issue prohibiting the issuer from recalling the security during a specified period.
callable preferred stock
Preferred stock that may be repurchased by the issuing corporation at a prestated price, usu. at or slightly above par value.
callable preferred stock.
See STOCK.
callable security
See redeemable securctt _rn-der SECURITY.
called meeting
See special meeting.
calling to the bar
See call to the bar
common calling
1. An ordinary occupation that a citizen has a right to pursue under the Privileges and Immunities Clause. 2. A commercial enterprise that offers services to the general public, with a legal duty to serve anyone who requests the services. "It was only in a very few cases indeed that a person was under a legal obligation to enter into a contract; virtually the only example of such an obligation in fact was the person exercising a 'common calling' such as the innkeeper and the common carrier who were (subject to certain safeguards) legally bound to contract with any member of the public who required their services." P.S. Atiyah, An Introduction to the Law of Contract 8 (3d ed. 1981).
directory call
Property. In a land description, a general description of the areas in which landmarks or other calls are found. See CALL (5); LOCATIVE CALLS.
docket call
A court session in which attorneys (and sometimes parties) appear in court to report the status of their cases. 0 For example, they may announce readiness for trial or report the suit's settlement
geographically descriptive trademark
See TRADEMARK.
locative calls
Property. In land descriptions, specific descriptions that fix the boundaries of the land. ( Locative calls may be marks of location, landmarks, or other physical objects. If calls in a description conflict, locative calls control over those indicating a general area of a boundary. See CALL (5); DIRECTORY CALLS.
maintenance call
See margin call under CALL.
margin call
A securities broker's demand that a customer put up money or stock as collateral when the broker finances a purchase of securities. ( A margin call usu. occurs when the market prices of the securities are falling. - Also termed maintenance call.3. See call option under OPTION. 4. A demand for the presentation of a security (esp. a bond) for redemption before the maturity date. 5. A landmark designating a property boundary. ( The landmarks are chosen by the surveyor and recorded in his field notes or in the accompanying deed. See METES AND BOUNDS.
noncallable bond
See noncallable security under SECURITY.
noncallable bond noncallable bond
See BOND (3).
noncallable security
A security that cannot be redeemed, or bought back, at the issuer's option. - Also termed (specif.) noncallable bond.
port of call
A port at which a ship stops during a voyage.
recall election
See ELECTION.
recall exclusion
See sistership exclusion under EXCLUSION (3).
warrant recall
, n. A procedure for removing from government computers information about canceled warrants in order to avoid repeated or mistaken arrests.