Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Consolidate
ub. 1. To combine or unify into one mass or body. 2. Corporations. To unite (two or more corporations) to create one new corporation. 3. Civil Procedure. To combine, through court order, two or more actions involving the same parties or issues into a single action ending in a single judgment or, sometimes, in separate judgments. Cf. MERGER (7).
Consolidated Omnibus Budget Reconciliation Act of 1985
A federal statute that requires employers who offer group health coverage to their employees to continue to do so for a prescribed period (usu. 18 to 36 months) after employment has terminated so that the employee can continue to benefit from grouphealth rates until becoming a member of another health-insurance plan. ( The statute temporarily continues group coverage for a person no longer entitled to receive it, such as a terminated employee or an overage dependent. - Abbr. COBRA.
consolidated appeal
an appeal in which two or more parties, whose interests were similar enough to make a joinder practicable, proceed as a single appellant.
consolidated bond
1 A railroad bond secured by a mortgage on the entire railroad line formed by several consolidated railroads. Cf divisional bond. 2. A single bond that replaces two or more outstanding issues.
consolidated financial statement
The financial report of a company and all its subsidiaries combined as if they were a single entity.
consolidated laws
See CODE (1)
consolidated mortgage
A mortgage created by combining two or more mortgages.
consolidated return
A return that reflects combined financial information for a group of affiliated corporations.
consolidated school district
A publicschool district in which two or more existing schools have consolidated into a single district.
consolidated security
(usu. pl.) A security issued in large enough numbers to provide the funds to retire two or more outstanding issues of debt securities.