Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Contribution
1. The right that gives one of several persons who are liable on a common debt the ability to recover ratably from each of the others when that one person discharges the debt for the benefit of all; the right to demand that another who is jointly responsible for a third party's injury supply part of what is required to compensate the third party. - Also termed right of contribution. 2. A tortfeasor's right to collect from others responsible for the same tort after the tortfeasor has paid more than his or her proportionate share, the shares being determined as a percentage of fault. 3. The actual payment by a joint tortfeasor of a proportionate share of what is due. Cf. INDEMNITY. 4. WAR CONTRIBUTION.
Federal Insurance Contributions Act
The federal act imposing the social-security tax on employers and employees. IRC (26 USCA) ยงยง 3101-3127. - Abbr. FICA.
Omnium contributione sarciatur quod pro omnibus datum est
What has been given for all should be compensated by the contribution of all.
capital contribution
1. Cash, property, or services contributed by partners to a partnership. 2. Funds made available by a shareholder, usu. without an increase in stock holdings.
charitable contribution
1. A contribution of money or property to an organization engaged in charitable activities. 2. A contribution to a qualified nonprofit charitable organization. o Charitable contributions are deductible for certain tax purposes.
contribution bar
Preclusion of a defendant having contribution rights against other defendants, who have settled their dispute with the plaintiff, from seeking contribution from them. ( The bar is usu. allowed in exchange for a credit against any judgment the plaintiff obtains against the nonsettling defendant.
contribution clause
See COINSURANCE CLAUSE."We might get [terminological] help from the practice of Continental Europe in which three classes of punishable offenses are maintained - crimes, delicts, and contraventions. The last word is used for those minor violations of regulations, all of them necessary enough for public safety and convenience, which are so numerous and so detailed in our lives. It is a convenient term and is widely used in the United States for just such acts, but it has not yet been made official. The Continental practice has the advantage of using the word crimes only for really serious offenses, which is in conformity with popular feeling on the subject." Max Radin, The Law and You 92 (1948).
contribution margin
The difference between a product's selling price and its cost of production. ( The contribution margin indicates the amount of funds available for profit and payment of fixed costs.
contributione facienda
[Latin "writ for making contribution"] Hist. A writ to compel a tenant in common to contribute to a fellow tenant who has paid more than the tenant's share of a sum for which all the tenants are liable. "Contributione facienda is a writ that lieth in case where more are bound to one thing, & one is put to the whole burden .... If tenents in comon or joynt, hold a mill (pro indiuiso) & equally take the profits therof, the mill falling to decay, & one or more of them refusing to contribute toward the reparation therof, the rest shall have this writ ...." John Cowell, The Interpreter (1607).
defined-contribution plan
See EMPLOYEE BEN. EFIT PLAN.
general-average contribution
See general average under AVERAGE.
noncontribution clause
A fire-insurance-policy provision stating that only the interests of the property owner and the first mortgagee are protected under the policy.
right of contribution
See CONTRIBUTION (1).
war contribution
Int'l law. An extraordinary payment imposed by an occupying power on the population of an occupied territory during wartime. - Often shortened to contribution.