Legal Dictionary of Pakistan

Fix

ub. 1. To announce (an exchange price, interest rate, etc.) <interest was fixed at 6%>. 2. To agree with another to establish (a price for goods or services), often illegally <representatives of Acme and Widget secretly met to fix prices for their companies' products>. See PRICE-FIXING. 2. To influence (an action or outcome, esp. a sports event) by improper or illegal means <after losing the election, the challenger claimed that the incumbent had fixed the election>.

Fixation

Copyright. The process or result of recording a work of authorship in tangible form so that it can be copyrighted under federal law. 0 Fixation occurs, for instance, when a live television broadcast is transmitted and simultaneously recorded on videotape.

affix

ub. to attach, add to, or fasten on permanently. - affixation (af-ik-say-shan), n. see fixture.

affixus

[latin] roman law. affixed or fastened to.

fix bail

ub. To set the amount and terms of bail <after hearing the officer's testimony, the judge fixed bail for the defendant at $100,000>. See BAIL.

fix,

n. 1. A dose of an illegal drug <the defendant testified that he robbed the store because he needed to buy a fix>. 2. A navigational reading.

fixed annuity

an annuity that guarantees fixed payments, either for life or for a specified period.

fixed asset

See capital asset (1) under ASSET

fixed capital

1. The amount of money invested in fixed assets, such as land and machinery. 2. Fixed assets.

fixed charge

See fixed cost under COST.

fixed cost

A cost whose value does not fluctuate with changes in output or business activity; esp., overhead expenses such as rent, salaries, and depreciation. - Also termed fixed charge; fixed expense.

fixed debt

Generally, a permanent form of debt commonly evidenced by a bond or debenture; long-term debt. - Also termed fixed liability.

fixed expense

See fixed cost under COST.

fixed fee

1. A fee that will not vary according to the amount of work done or other factor. 2. In a construction contract, a predetermined amount that is added to costs for calculating payments due under the contract.

fixed income

See INCOME.

fixed liability

See fixed debt under DEBT.

fixed opinion

A bias or prejudice that disqualifies a potential juror

fixed price

A price that is agreed upon by a wholesaler and a retailer for the later sale or resale of an item. ( Agreements to fix prices are generally prohibited by state and federal statutes.

fixed price contract

A contract in which the buyer agrees to pay the seller a definite and predetermined price regardless of in creases in the seller's cost or the buyer's ability to acquire the same goods in the mar ket at a lower price.

fixed sentence.

See SENTENCE.

fixed trust

A trust in which the trustee may not exercise any discretion over the trust's management or distributions. - Also termed directory trust; nondiscretionary trust.

fixed trust.

See TRUST

fixed-benefit plan

See defined pension plan under PENSION PLAN.

fixed-dollar investment

An investment whose value is the same when sold as it was when purchased. ( Examples are bonds held to maturity, certain government securities, and savings accounts.

fixed-income investment

See INVESTMENT.

fixed-income security

A security that pays a fixed rate of return, such as a bond with a fixed interest rate or a preferred stock with a fixed dividend.

fixed-price contract

See CONTRACT

fixed-rate mortgage

A mortgage with an interest rate that remains the same over the life of the mortgage regardless of market conditions. - Abbr. FRM.

fixed-return dividend

fixing a jury

See JURY-FIXING.

fixture filing

The act or an instance of recording, in public real-estate records, a security interest in personal property that is intended to become a fixture. 0 The creditor files a financing statement in the real-property records of the county where a mortgage on the real estate would be filed. A fixture-filing financing statement must contain a description of the real estate.

fixture.

Personal property that is attached to land or a building and that is regarded as an irremovable part of the real property, such as a fireplace built into a home. - Also termed permanent fixture. Cf. IMPROVEMENT.

horizontal price-fixing

Price-fixing among competitors on the same level, such as retailers throughout an industry.

jury-fixing

The act or an instance of illegally procuring the cooperation of one or more jurors who actually influence the outcome of the trial. - Also termed fixing a jury. Cf. EMBRACERY; JURY-PACKING.

permanent fixture

See FIXTURE.

price-fixing

The artificial setting or maintenance of prices at a certain level, contrary to the workings of the free market. ( Price-fixing is usu. illegal per se under antitrust law."Price-fixing agreements may or may not be aimed at complete elimination of price competition. The group making those agreements may or may not have the power to control the market. But the fact that the group cannot control the market prices does not necessarily mean that the agreement as to prices has no utility to the members of the combination. The effectiveness of price-fixing agreements is dependent on many factors, such as competitive tactics, position in the industry, the formula underlying price policies. Whatever economic justification particular price-fixing agreements may be thought to have, the law does not permit an inquiry into their reasonableness. They are all banned because of their actual or potential threat to the central nervous system of the economy." United States u. Socony-Vacuum Oil Co., 310 U.S. 150, 225-26 n.59, 60 S.Ct. 811, 845 n.59 (1940).

real, adj. 1. Of or relating to thnings( such as. lands and buildings) that are fixed or immovable <real property> <a real action>. 2. Civil law. Of, relating to, or attached to a thing (whether movab

tenant's fixture

Removable personal property that a tenant affixes to the leased property but that the tenant can detach and take away.

trade fixture

Removable personal property that a tenant attaches to leased land for business purposes, such as a display counter. ( Despite its name, a trade fixture is not usu. treated as a fixture - that is, as irremovable.

un-, prefix

1. Not <unassignable>. 2. Contrary to; against <unconstitutional>.

vertical price-fixing

See PRICE-FDCING.