Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Cash
n. 1. Money or its equivalent. 2. Currency or coins, negotiable checks, and balances in bank accounts. - cash, ub.
Cash bail
a sum of money (rather than a surety bond) posted to secure a prisoner's release from jail. - also termed stationhouse bail.
Cashier
it. 1. One who receives and records payments at a business. 2. A bank's or trust company's executive officer, who is responsible for banking transactions. cashier, ob. To dismiss from service dishonorably <after three such incidents, Jon was cashiered > cashier's check. See CHECK. See CHECK.
Cashlite
See AMERCEMENT.
actual cash value
Insurance. 1. Replacement cost minus normal depreciation. 2. See fair market value.
actual cash value.
See fair market value under VALUE.
cash bail
See BAIL (1)
cash book
An account book of all cash received and paid out by a business.
cash budget
A period-by-period schedule of a business's opening cash on hand, estimated cash receipts, cash disbursements, and cash balance. 0 A cash budget is used to project a business's cash receipts and disbursements over some future period. cash collateral See COLLATERAL.
cash collateral
Collateral consisting of cash, negotiable instruments, documents of title, securities, deposit accounts, or other cash equivalents.
cash cycle
The time it takes for cash to flow into and out of a business, such as the time between the purchase of raw materials for manufacture and the sale of the finished product.
cash discount
1. A seller's price reduction in exchange for an immediate cash payment. 2. A reduction from the stated price if the bill is paid on or before a specified date.
cash dividend
See DIVIDEND.
cash equivalent
A short-term security that is liquid enough to be considered equivalent to cash.
cash flow
1. The inoveinent of cash through a business, as a measure of profitability or liquidity. 2. The cash generated from a business or transaction. 3. Cash receipts minus cash disbursements for a given period. - Sometimes spelled cashflow.
cash flow per common share
The cash flow from operations minus preferred stock dividends, divided by the number of outstanding common shares.
cash merger
See MERGER.
cash merger.
A merger in which shareholders of the target company must accept cash for their shares. - Also termed cash-out merger; freeze-out merger.
cash or deferred arrangement.
A retirement plan provision permitting an employee to have a certain amount of compensation paid in cash or contributed, on behalf of the employee, to a profit-sharing or stock-bonus plan. ( A 401(k) plan is a type of cash or deferred arrangement - Abbr. CODA
cash sale
See SALE.
cash surrender value
Insurance. The amount of money payable when an insurance policy having cash value, such as a whole-life policy, is redeemed before maturity or death. - Abbr. CSV. - Also termed surrender value.
cash tender offer
A tender offer in which the bidder offers to pay cash for the target's shares, as opposed to offering other corporate shares in exchange. ( Most tender offers involve cash.
cash value
See full cash value.
cash-against-documents sale
See documentary sale under SALE.
cash-and-carry clause
Int'l law. A regulation that, before U.S. involvement in World War II, allowed belligerent countries to pay cash for goods whose export was prohibited. 0 Formally, this regulation was entirely neutral, but in practice it favored Great Britain.
cash-basis accounting method
An accounting method that considers only cash actually received as income and cash actually paid out as an expense.
cash-equivalent doctrine
Tax. The doctrine requiring income to be reported even if it is not cash, as when the taxpayer barters to receive in-kind payments.
cash-expenditure
method. Tax. A technique used by the IRS to reconstruct a taxpayer's unreported income by comparing the amount spent on goods and services during a given period with the income reported for that period. ( If the expenditures exceed the reported revenue, the IRS treats the difference as taxable income.
cash-out merger
See cash merger under MERGER.
cash-refund annuity
an annuity providing for a lump-sum payment after the annuitant's death of the difference between the total received and the price paid.
cash-transaction report
IRS Form 4789, which requires banks and other financial institutions to report cash transactions above a certain amount.
cash-value option
. The right of a life-insurance policyholder to surrender the policy for its cash value at a specified time or at any time. commodity option. An option to buy or sell a commodity. futures option. An option to buy or sell a futures contract.
cashier' check
A check drawn by a bank on itself payable to another person, arid evidencing the payee's authorization to received from the bank the amount of money represented by the check; a draft for which the, drawer and drawee are the same bank . . different branches of the same bank.
cashout
n. An arrangement by a seller to receive the entire amount of equity in cash rather than retain an interest in the property. - cash out, vb.
discounted cash flow
See CASH FLOW.
fair cash market value
See fair market value under VALUE.
fair cash value
See fair market value under VALUE.
full cash value
Market value for property tax purposes; estimated value derived by standard appraisal methods. - Also termed cash value.
incremental cash flow
The net increase in cash flow attributable to a particular capital investment.
incremental cash flow.
See CASH FLOW.
negative cash flow
A financial situation in which cash outflow exceeds cash inflow. See INSOLVENCY.
net cash flow
Cash inflow minus cash out-flow.
noncash charge
See CHARGE.
petty cash
Currency kept on hand for incidental expenditures.