Legal Dictionary of Pakistan

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

Impairment

n. The fact or state of being damaged, weakened, or diminished <impairment of collateral>. - impair, ub.

capital impairment

The financial condition of a corporation whose assets are less than the sum of its legal capital and its liabilities.

comparative-impairment test

Conflict of laws. A test that asks which of two or more forums would have its policies most impaired by not having its law applied in the case.