Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Cost push inflation.

Inflation caused by a rise in production costs.

Deflation

n. A general decline in the price of goods and services. - deflate, ub. - deflationary, adj. Cf. INFLATION; DISINFLATION.

Disinflation

A period or process of slowing down the rate of inflation. Cf. DEFLATION

Flat

adu. Without an allowance or charge for accrued interest <the stock was sold flat>. flat, n. A house in a larger block; an apartment.

Ita semper flat relatio ut valeat dispositio.

Let the relation be so made that the disposition may stand.

Nihil est magic rationi consentaneum quam eodem modo quodque dissolvere quo conflatum est

Nothing is more consonant to reason than that everything should be dissolved in the same way as it was made.

Relatio semper flat ut valeat dispositio

Reference should always be made in such a manner that a disposition (in a will) may have effect.

Semper its flat relatio ut valeat dispositio

Let the reference always be so made that the disposition may avail.

Stagflation

n. A period of slow economic growth or recession characterized by high inflation, stagnant consumer demand, and high unemployment. - stagflationary, adj.

cost-push inflation

See INFLATION.

demand-pull inflation

See INFLATION.

demand-pull inflation.

Inflation caused by an excess of demand over supply.

flat bond

A bond that trades without accrued interest.

flat bond.

See BOND (3)

flat cancellation

The cancellation of an insurance policy without any charge to the insured. 3. An equitable remedy by which courts call in and annul outstanding void or rescinded instruments because they may either spawn vexatious litigation or cloud someone's title to property. - cancel, ub. - cancelable, adj.

flat cancellation.

See CANCELLATION.

flat money.

See fiat money under MONEY.

flat reinsurance

Reinsurance (esp. of marine insurance) that cannot be canceled or modified.

flat reinsurance.

See REINSURANCE,

flat sentence

See determinate sentence.

flat sentence.

See determinate sentence under SENTENCE

flat tax

A tax whose rate remains fixed regardless of the amount of the tax base. ( Most sales taxes are flat taxes. -Also termed proportional tax. Cf. progressive tax; regressive tax.

flat tax.

See TAX.

flat time

A prison term that i§ to be served without the benefit of time-reduction allowances for good behavior and the like.

flat time.

See TIME.

inflation

n. A general increase in prices coinciding with a fall in the real value of money. -inflationary, adj. CC DEFLATION.

inflation rate.

The pace of change in the prices of goods and services in a particular period. ( The primary indexes for measuring the rate are the Consumer Price Index and the Producer Price Index.

sedge flat

A tract of land below the high-water mark.

uno flatu

[Latin] In one breath.