Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Dilution
1. The act or an instance of diminishing a thing's strength or lessening its value. 2. Corporations. The reduction in the monetary value or voting power of stock by increasing the total number of outstanding shares. 3. Constitutional law. The limitation of the effectiveness of a particular group's vote by legislative reapportionment or political gerrymandering. Such dilution violates the Equal Protection Clause. - Also termed vote dilution. 4. Trademarks. The impairment of a trademark's strength or effectiveness caused by the use of the mark on an unrelated product, usu. blurring the trademark's distinctive character or tarnishing it with an unsavory association. 0 Trademark dilution may occur even when the use is not competitive and when it creates no likelihood of confusion.
antidilution provision
a convertible-security provision that safeguards the conversion privilege from share splits, share dividends, or other transactions that might affect the conversion ratio. see conversion ratio; dilution (2).
claim dilution
Bankruptcy. The reduction in the likelihood that a debtor's claimants will be fully repaid, including considerations of the time value of money.
dilution doctrine
Trademarks. The rule protecting a trademark from a deterioration in strength, as when a person seeks to use the mark for an unrelated product.
vote dilution
See DILUTION (3).