Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
DUI
abbr. DRIVING UNDER THE INFLUENCE.
DUIL
abbr. Driving under the influence of liquor. See DRIVING UNDER THE INFLUENCE.
Viduity
. Archaic. Widowhood.
conduit taxation
See pass-through taxation under TAXATION.
curia aduisari vult
[Latin] The court will be advised; the court will consider. ( This phrase signaled a court's decision to delay judgment pending further consideration. In England, the phrase is still used in all Court of Appeal decisions when the judgment is reserved; that is, not delivered after the hearing. - Abbr. cur. adu. cult; c.a.u.
real-estate-mortgage investment conduit
An entity that holds a fixed pool of mortgages or mortgage-backed securities (such as collateralized mortgage obligations), issues interests in itself to investors, and receives favorable tax treatment by passing its income through to those investors. ( Real-estate-mortgage investment conduits were created by the Tax Reform Act of 1986. They can be organized as corporations, partnerships, or trusts. To qualify for tax-exempt status, the entity must meet two requirements: (1) almost all of the entity's assets must be real-estate mortgages (though a few other cash-flow-maintaining assets are allowed); and (2) all interests in the entity must be classified as either regular interests (which entitle the holder to principal and interest income through debt or equity) or residual interests (which provide contingent income). -Abbr. REMIC.
viduitatis professio
, n. [Latin] Hist. A woman's solemn act of professing that she will live as a single, chaste woman.