Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Define
ab. 1. To state or explain explicitly. 2. To fix or establish (boundaries or limits). 3. To set forth the meaning of (a word or phrase).
defined pension plan
A pension plan in' which the employer promises specific benefits to each employee. - Also termed fixed-benefit plan.
defined term
In legal drafting, a word or phrase given a specific meaning for purposes of the document in which it appears; a definiendum.
defined-benefit plan
A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to employees over a period of years, usu. for life, after retirement. ( Retirement benefits under a defined-benefit plan are measured by and based on various factors such as years of service rendered and compensation earned. The amount of benefits and the employer's contributions do not depend on the employer's profits. The employer has the entire investment risk, and must cover any funding shortfall. Any plan that is not a definedcontribution plan is a defined-benefit plan. 29 USCA ยง 1002(35). Cf. defined-contribution plan.
defined-contribution plan
See EMPLOYEE BEN. EFIT PLAN.