Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Attachment of earnings
see attachment of wages under attachment (1).
Earnings
Revenue gained from labor or services, from the investment of capital, or from assets. See INCOME. Cf PROFIT.
accumulated-earnings credit
See CREDIT (7)
accumulated-earnings tax
A penalty tax imposed on a corporation that has retained its earnings in an effort to avoid the incometax liability arising once the earnings are distributed to shareholders as dividends. -Also termed excess profits tax; undistributedearnings tax.
appropriated retained earnings
Retained earnings that a company's board designates for a distinct use, and that are therefore unavailable to pay dividends or for other uses. - Also termed appropriated surplus; surplus revenue; suspense reserve.
disposable earnings
See disposable income under INCOME.
earnings and profits
Corporations. In corporate taxation, the measure of a corporation's economic capacity to make a shareholder distribution that is not a return of capital. 0 The distribution will be dividend income to the shareholders to the extent of the corporation's current and accumulated earnings and profits. Cf. accumulated-earnings tax under TAX; accumulated taxable income under INCOME.
earnings per share
Corporations. A measure of corporate value by which the corporation's net income is divided by the number of outstanding shares of common stock. ( Investors benefit from calculating a corporation's earnings per share, because it helps the investor determine the fair market value of the corporation's stock. - Abbr. EPS.
earnings report
See INCOME STATEMENT.
earnings yield
The earnings per share of a security divided by its market price. ( The higher the ratio, the better the investment yield. - Also termed earnings price ratio. Cf. PRICE-EARNINGS RATIO.
earnings-price ratio
See earnings yield under YIELD.
fully diluted earnings per share
A corporation's net income - assuming that all convertible securities had been transferred to common equity and all stock options had been exercised - divided by the number of shares of the corporation's outstanding common stock.
fully diluted earnings per share.
See EARN. INGS PER SHARE.
future earnings
See lost earnings.
future earnings.
See lost earnings under EARN. INGS.
gross earnings.
See gross income under INCOME.
lost earnings
See EARNINGS.
lost earnings.
Wages, salary, or other income that a person could have earned if he or she had not lost a job, suffered a disabling injury, or died. ( Lost earnings are typically awarded as damages in personal-injury and wrongful-termination cases. There can be past lost earnings and future lost earnings. Both are subsets of this category, though legal writers sometimes loosely use future earnings as a synonym for lost earnings. Cf. LOST EARNING CAPACITY.
net earnings
See net income under INCOME.
pretax earnings
Net earnings before income taxes.
price-earnings ratio
The ratio between a stock's current share price and the corporation's earnings per share for the last year. Some investors avoid stocks with high priceearnings ratios because those stocks may be overpriced. - Abbr. P/E ratio. Cf. earnings yield under YIELD.
real earnings
See EARNINGS.
retained earnings
See EARNINGS.
retained earnings.
A corporation's accumulated income after dividends have been distributed. - Also termed earned surplus; undistributed profit.
surplus earnings
The excess of corporate assets over liabilities within a given period, usu. a year.
undistributed-earnings tax
See accumulatedearnings tax under TAX.