Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Collection
Banking. The process through which an item (such as a check) passes in a payor bank. See payor bank under BANK (1).
collection indorsement
See restrictive endorsement.
collection item
An item (such as a documentary draft) taken by a bank for a customer's account, but not credited until payment for the item has actually been received. See documentary draft under DRAFT (1).
costs of collection
Expenses incurred in receiving payment of a note; esp., attorney's fees created in the effort to collect a note.
guaranty of collection.
A guaranty that is conditioned on the creditor's having first exhausted legal remedies against the principal debtor before suing the guarantor.
past recollection recorded
Evidence. A document concerning events that a witness once knew about but can no longer remember. ( The document itself is evidence and, despite being hearsay, may be admitted (or read into the record) if it was prepared or adopted by the witness when the events were fresh in the witness's memory. Fed. R. Evid. 803(5). - Also termed recorded recollection; past recorded recollection. Cf. PRESENT RECOLLECTION REFRESHED.
present recollection refreshed
Evidence. A witness's memory that has been enhanced by showing the witness a document that describes the relevant events. ( The document itself is merely a memory stimulus and is not admitted in evidence. Fed. R. Evid. 612. - Also termed refreshing recollection; present recollection revived. Cf. PAST RECOLLECTION RECORDED.
recollection,
n. 1. The action of recalling something to the mind, esp. through conscious effort. 2. Something recalled to the mind. -recollect, vb. See PAST RECOLLECTION RECORDED; PRESENT RECOLLECTION REFRESHED.
recorded recollection.
See PAST RECOLLECTION RECORDED.
refreshing recollection
See PRESENT RECOL LECTION REFRESHED.