Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Balanced fund
see mutual fund.
Certa debet esse intentio et narratio et certum fundamentum et certa res quae deducitur in judicium
The design and narration ought to be certain, the foundation certain, and the matter certain that is brought into court to be tried.
Debile fundamentum fallit opus
A weak foundation frustrates the work (built on it).
Federal Farm Credit Banks Funding Corporation
A federal corporation that manages the sale of federal farm-credit-system securities in the money and capital markets and also provides advisory services to banks in the federal farm credit system.
Fructus pendentes pars fundi videntur.
Hanging fruits are considered part of the parcel of land.
Fund
ub. 1. To furnish money to (an individual, entity, or venture), esp. to finance a particular project. 2. To use resources in a manner that produces interest. 3. To convert (a debt, esp. an open account) into a long-term debt that bears interest at a fixed rate. fundamental error See plain error under ERROR.
Funding
n. 1. The process of financing capital expenditures by issuing long-term debt obligations or by converting short-term obligations into long-term obligations to finance current expenses; the process of creating a funded debt. 2. The refinancing of a debt before its maturity. - Also termed refunding. 3. The provision or allocation of money for a specific purpose, such as for a pension plan, by putting the money into a reserve fund or investments. 4. The provision of financial resources to finance a particular activity or project, such as a research study.
International Monetary Fund
A U.N. agency established to stabilize international exchange rates and promote balanced trade. - Abbr. IMF.
Latifundium
n. [Latin fr. latus "broad" + fundus "land"] Roman law. A large private estate, usu. made up of smaller ones, common in the last few centuries of the Republic.
Multo utilius est pauca idonea effundere, quam multis inutilibus homines gravari
It is much more useful to pour forth a few suitable things than to burden mankind with many useless things.
Nimia subtilitas injure reprobatur, et talis certitudo certitudinem confundit
Too great subtlety is disapproved of in law, and such certainty confounds certainty.
Refund
n. 1. The return of money to a person who overpaid, such as a taxpayer who overestimated tax liability or whose employer withheld too much tax from earnings. 2. The money returned to a person who overpaid. 3. The act of refinancing, esp. by replacing outstanding securities with a new issue of securities. -refund, vb.
Refunding
See FUNDING.
Rerum ordo confunditur, si unicuique jurisdictio non servetur
The order of things is confounded if the proper jurisdiction of each is not maintained.
Sublato fundamento, cadit opus
When the foundation has been removed (or demolished), the structure collapses.
Suitors' Fee Fund
Hist. A fund consisting largely of fees generated by the Court of Chancery out of which the court officers' salaries and expenses were paid. ( In 1869 the fund was transferred to the Commissioners for the Reduction of the National Debt. suit papers See COURT PAPERS.
Superfund
1 The program that funds and administers the cleanup of hazardous-waste sites through a trust fund (financed by taxes on petroleum and chemicals and a new tax on corporations) created to pay for cleanup pending reimbursement from the liable parties. 2. The popular name for the act that established this program - the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). See CERCLA.
Taft-Hartley fund
See joint-welfare fund
ad fundandam jurisdictionem
vb. [Law Latin] To make the basis of jurisdiction.
balanced fund
A mutual fund that maintains a balanced investment in stocks and bonds, investing a certain percentage in senior securities.
blended fund
A fund created by income from more than one source, usu. from the sale of a testator's real and personal property.
blended fund.
See FUND (1).
bond fund
A mutual fund that invests primarily in specialized corporate bonds or municipal bonds.
borough fund
English law. The revenue generated by a municipal borough.
bullion fund
Public money used by a mint to purchase precious metals for coinage and to pay bullion depositors.
cash-refund annuity
an annuity providing for a lump-sum payment after the annuitant's death of the difference between the total received and the price paid.
changing fund
See FUND (1:
child-care fund
State-government funds set aside to reimburse counties for part of the payments for children's foster care and expenses.
client security fund
See FUND (1)
client-security fund
A fund established usu. by a state or a state bar association to compensate persons for losses that they suffered because of their attorneys' misappropriation of funds or other misconduct.
closed-end fund
See MUTUAL FUND.
common trust fund
A trust fund set up within a bank trust department to combine the assets of numerous small trusts to achieve greater investment diversification. Common trust funds are regulated by state law.
common-fund doctrine
The principle that if a plaintiff or his or her attorney creates, discovers, increases, or preserves a fund to which others also have a claim, then the plaintiff is entitled to recover from the fund the litigation costs and attorney's fees. - Also termed equItable-fund doctrine.
common-stock fund
A mutual fund that invests only in common stock.
contingent fund
1. A fund created by a municipality for expenses that will necessarily arise during the year but that cannot be appropriately classified under any of the specific purposes for which taxes are collected. 2. A fund segregated by a business to pay unknown costs that may arise in the future. -Also termed contingency reserve.
current funds
Assets that can be readily converted into cash. 3. A pool of investments owned in common and managed for a fee; MUTUAL FUND < a diverse portfolio of funds>.
delayed funds availability
A hold that a bank places on uncollected funds that are represented by a deposited check. - Abbr. DFA.
dual fund
See MUTUAL FUND.
dual fund.
A closed-end mutual fund that invests in two classes of stock - stock that pays dividends and stock that increases in investment value without dividends. ( A dual fund combines characteristics of an income fund and a growth fund. - Also termed dualpurpose fund; leverage fund; split fund.
dual-purpose fund
See dual fund under MUTU. AL FUND.
electronic funds transfer
See FUNDS TRANSFER.
equitable-fund doctrine
See COMMON-FUND DOCTRINE.
executor fund
See FUND (1)
fructus fundi
[Latin "land fruits"] The fruits or produce of land.
fully funded
adj. 1. Having sufficient financial resources to meet current payments, even upon bankruptcy <the company's pension plan was fully funded>. 2. Having completely satisfied a funding requirement; paid <the construction loan was fully funded>. - Also termed funded.
fully managed fund
A mutual fund whose policy allows reasonable discretion in trading securities in combination or quantity.
fully managed fund.
See MUTUAL FUND.
fund in court
See FUND (1).
fundamental error
See plain error.
fundamental interest
See FUNDAMENTAL RIGHT.