Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Hart-Scott-Rodino Antitrust Improvement Act
A federal statute, enacted in 1976, that generally strengthens the Justice Department's antitrust enforcement powers, esp. by requiring firms to give notice to the Federal Trade Commission and the Justice Department of an intent to merge if one of the firms has annual revenues or assets exceeding $100 million, and the acquisition price or value of the acquired firm exceeds $15 million.
Improve
ub. 1. To increase the value or enhance the appearance of something. 2. To develop (land), whether or not the development results in an increase or a decrease in value.
Improvement
An addition to real property, whether permanent or not; esp., one that increases its value or utility or that enhances its appearance. - Also termed land improvement. Cf. FIXTURE.
Valrable improvement
See improvement.
capital improvement
See CAPITAL EXPENDITURE.
general improvement
See IMPROVEMENT.
improved land
Real property that has been developed. 0 The improvements may or may not enhance the value of the land.
improved value
Real estate. In the appraisal of property, the value of the land plus the value of any improvements.
improvement bond
See revenue bond under BOND (3).
land improvement
See IMPROVEMENT
leasehold improvements
Beneficial changes to leased property (such as a parking lot or driveway) made by or for the benefit of the lessee. ( The phrase is used in a condemnation proceeding to determine the share of compensation to be allocated to the lessee.
local improvement
A real-property improvement, such as a sewer or sidewalk, financed by special assessment, and specially benefiting adjacent property.
local-improvement assessment
See local assessment under ASSESSMENT.
maximum medical improvement
The point at which an injured person's condition stabilizes, and no further recovery or improvement is expected, even with additional medical intervention. ( This term is most often used in the context of a workers'-compensation claim. An injured employee usu. receives temporary benefits until reaching maximum medical improvement, at which time a determination can be made about any permanent disability the employee has suffered and any corresponding benefits the employee should receive. - Abbr. MMI.
necessary improvement
See IMPROVEMENT.
unimproved land
1. Land that has never been improved. 2. Land that was once improved but has now been cleared of all buildings and structures.
valuable improvement
An improvement that adds permanent value to the freehold. ( Because of its nature, a valuable improvement would not typically be made by anyone other than the owner. A valuable improvement may be slight and of small value, as long as it is both permanent and beneficial to the property.