Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Decimae de jure divino et canonica institutione pertinent ad personam.
Tithes belong to the parson by divine right and canonical institution.
Institution
1. The commencement of something, such as a civil or criminal action. 2. An elementary rule, principle, or practice. 3. An established organization, esp. one of a public character, such as a facility for the treatment of mentally disabled persons. - Also termed public institution. 4. Civil law. A testator's appointment of an heir; the designation of an institute. See INSTITUTE (5). 5. Eccles. law. The investiture of a benefice, by which a cleric becomes responsible for the spiritual needs of the members of a parish. Cf. PRESENTATION; ADVOWSON.
Superinstitution
Eccles. law. The institution of one person in an office that already has an incumbent, as when two individuals claim a benefice by adverse titles.
adult correctional institution.
see prison.
correctional institution
See PRISON.
depository institution
1. An organization formed under state or federal law, authorized by law to receive deposits, and supervised and examined by a government agency for the protection of depositors. 2. A trust company or other institution authorized by law to exercise fiduciary powers similar to those of a national bank. 0 The term does not include an insurance company, a Morris Plan bank, an industrial loan company, or similar bank unless its deposits are insured by a federal agency.
educational institution
1. A school, seminary, college, university, or other educational facility, though not necessarily a chartered institution. 2. As used in a zoning ordinance, all buildings and grounds necessary to accomplish the full scope of educational instruction, including those things essential to mental, moral, and physical development. educational trust See TRUST. EEC. abbr. European Economic Community.
financial institution
A business, organization, or other entity that manages money, credit, or capital, such as a bank, credit union, savings- and-loan association, securities broker or dealer, pawnbroker, or investment company.
institutional broker
A broker who trades securities for institutional clients such as banks, mutual funds, pension funds, and insurance companies.
institutional investor
One who trades large volumes of securities, usu. by investing other people's money into large managed funds. Institutional investors are often pension funds, investment companies, trust managers, or insurance companies. See MUTUAL FUND.
institutional lender
A business, esp. a bank, that routinely makes loans to the general public.
institutional litigant
An organized group that brings lawsuits not merely to win but also to bring about a change in the law or to defend an existing law. "Our second observation relates to what has been called the institutional litigant.' There are organized groups, such as labour unions or trade associations, that have a continuing interest in the development of the common law. A group of this sort may take a case to litigation, not so much for the sake of a deter
institutional market
The demand among large investors and corporations for shortterm funds and commercial paper.
institutionalize,
vb. 1. To place (a person) in an institution. 2. To give (a rule or practice) official sanction.
institutiones
[Latin] Roman law. Elementary works of law; institutes. See INSTITUTE.
penal institution
See PRISON.
plurinational administrative institution
Int'l law. An entity designed to perform transnational administrative activities when politically oriented international organizations and traditional international agreements are unsuitable. ( These institutions usu. arise in fields where transnational arrangements are necessary (such as natural-resource management, transportation, or utilities), and they are often organized as international corporations, national agencies, or private corporations.
public institution
See INSTITUTION
qualified institutional buyer.
See BUYER.
qualified institutional buyer. Securities.
An institution with more than $100 million in invested assets.
thrift institution
See SAVINGS-AND-LOAN ASSOCIATION.