Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Euro
The official currency of 11 countries in the European Union. ( On January 1, 1999, the euro became the single currency of the 11 participating countries - Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. Euro notes and coins will be issued on January 1, 2002.
Eurobank
A bank that participates in the Eurocurrency market by accepting deposits and providing loans in foreign currencies.
Eurobond
An international bond issued in a country other than the one in whose currency the bond is denominated.
Eurodollar
A U.S. dollar deposited in a foreign bank and used in European money markets.
European Community
See EUROPEAN UNION.
European Court of Human Rights
The judicial body - established in 1950 and sitting at Strasbourg - of the Council of Europe. ( The Convention on Human Rights of 1950, in force as of 1953, does not necessarily form part of the domestic law of member nations, nor is a member nation obliged to accept this court's jurisdiction.
European Currency Unit
A monetary unit whose value is calculated as a weighted average of currencies from ten member-nations of the European Union. ( The European Currency Unit was created in 1979 to promote currency stability. The unit was a hypothetical currencv. - Abbr. ECL1; ecu.
European Economic Community
See EUROPEAN UNION.
European Union
An association of European nations, with the purpose of achieving full economic unity (and eventual political union) by agreeing to eliminate barriers to the free movement of capital, goods, and labor among the member-nations. ( The European Union was formed as the European Economic Community (EEC) by the Treaty of Rome in 1957, and later renamed the European Community (EC). The European Community became the European Union when the Maastricht Treaty on European Union took effect in November 1993. As of 1999, Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and Sweden had full membership privileges. - Abbr. EU.
European law
1. The law of the European Union. 2. More broadly, the law of the European Union, together with the conventions of the Council of Europe and the European Convention on Human Rights. 3. More broadly still, all the law current in Europe, including the law of European organizations such as the Western European Union, the Benelux Economic Union, the Organization for Economic Cooperation and Development, the North Atlantic Treaty Organization, and all the bilateral and multilateral conventions in effect, as well as European customary law.