Legal Dictionary of Pakistan

Ambiguitas verborum latens verifacatione suppletur; nam quod ex facto oritur ambiguum verificatione facti tollitur

A latent ambiguity in wording is resolved by evidence; for whatever ambiguity arises from an extrinsic fact is resolved by extrinsic evidence.

Articulated pleading

see pleading (1).

As-extracted collateral

see collateral.

Collateral ascendant

Loosely, an aunt, uncle, or other relative who is not strictly an ancestor. - also termed collateral ancestor.

Collateral assignee

a lender who is assigned an interest in property (usu. Real property) as security for a loan.

Collateral assignment

an assignment of property as collateral security for a loan. Common-law assignment an assignment for the benefit of creditors made under the common law, rather than by statute.

Collateral assurance

a pledge made in addition to the principal assurance of an agreement.

Consulate

1 The office or jurisdiction of a consul <the senator advised the businessman to notify the U.S. consulate in Kuwait before visiting the country>. 2. The location of a consul's office or residence <the family was staying on the second floor, just above the Turkish consulate>.

Dolus latet in generalibus

Fraud lurks in generalities.

Federal Rules of Appellate Procedure

The rules governing appeals to the U.S. courts of appeals from lower courts, some federal-agency proceedings, and applications for writs. -Abbr. Fed. R. App. P.; FRAP.

Fraus latet in generalibus

Fraud lies hidden in general expressions.

Late

adj. 1. Tardy; coming after an appointed or expected time <a late filing>. 2. (Of a person) only recently having died <the late Secretary of State > .

Lateens

adj. [Latin] Hidden or unapparent.

Latent

adj. Concealed; dormant <a latent defect>. Cf. PATENT. latent ambiguity See AMBIGUITY.

Laterare

[Law Latin] Hist. To lie sideways, rather than endways. a This term was formerly used in land descriptions.

Legislate

vb 1 To make or enact laws <the role of our lawmakers is to legislate, not to adjudicate>. 2. To bring (something) into or out of existence by making laws; to attempt to control (something) by legislation <virtually every attempt to legislate morality has failed>.

Manticulate

ub. To pick pockets.

Matriculate

ub. To enroll or register (in a university, college, etc.).

Multa ignoramus quae nobis non laterent si veterum lectio nobis fuit familiaris

We are ignorant of many things that would not be hidden from us if the reading of old authors were familiar to us.

Peculate

ub. - peculative (pek-ya-la-tiv), adj. -

Statuta pro publico commodo late interpretantun

Statutes made for the public advantage ought to be broadly construed.

Stipulated authority

see express authority.2. Governmental power or jurisdiction <within the court's authority>. 3. A governmental agency or corporation that administers a public enterprise <transit authority>. - also termed public authority.

a latere

[latin] from the side; collaterally. ( this term was formerly used to denote collateral succession rather than lineal succession.

accrued depreciation. See accumulated depreciation under DEPRECIATION.

accrued dividend. See accumulated dividend under DIVIDEND. accrued expense. See EXPENSE.

accumulated depreciation

See DEPRECIATION.

accumulated depreciation.

The total depreciation currently recorded on an asset. 0 On the balance sheet, an asset's total cost less accumulated depreciation reflects the asset's book value. - Also termed accrued depreciation.

accumulated dividend

A dividend that has been declared but not yet paid. - Also termed accrued dividend.

accumulated income

Income that is retained in an account; esp., income that a trust has generated, but that has not yet been reinvested or distributed by the trustee.

accumulated legacy

A legacy that has not yet been paid to a legatee.

accumulated profit

Profit that has accrued but not yet been distributed; earned sur- plus. - Also termed undivided profit. See retained earnings under EARNINGS.

accumulated surplus

Earnings in excess of a corporation's capital and liabilities.

accumulated taxable income

The income of a corporation as adjusted for certain items (such as excess charitable contributions), less the dividends-paid deduction and the accumulated-earnings credit. ( It serves as the base upon which the accumulated-earnings tax is imposed. See accumulated-earnings tax under TAX.

accumulated-aaUustments account

Tax. An item on the books of an S corporation (usu. an equity item on the corporation's balance sheet) to account for taxable-income items passed through to shareholders, such as accumulated earnings - earned before the corporation converted from a C corporation to an S corporation - that would have been distributed as a dividend to the shareholders if the corporation had remained a C corporation. 0 One of the theories underlying the accumulated-adjustments account is that the shareholders should not be permitted to avoid dividend-tax treatment on a corporation's accumulated earnings just because the corporation converts from C status to S status. IRC (26 USCA) § 1368(e)(1). -Abbr. AAA.

accumulated-adjustments account

See ACCOUNT.

accumulated-earnings credit

See CREDIT (7)

accumulated-earnings tax

A penalty tax imposed on a corporation that has retained its earnings in an effort to avoid the incometax liability arising once the earnings are distributed to shareholders as dividends. -Also termed excess profits tax; undistributedearnings tax.

adminiculate

ub. Scots law. To give corroborating evidence.

administrative collateral estoppel

See COLLATERAL ESTOPPEL.

ambiguitas latens

see latent ambiguity under ambiguity.

appellate

adj. of or relating to an appeal or appeals generally.

appellate counsel

A lawyer who represents a party on appeal. ( The term is often used in contrast with trial counsel.

appellate court

see court.

appellate division

a department of a superior court responsible for hearing appeals; an intermediate appellate court in some states, such as new york and new jersey

appellate jurisdiction

The power of a court to review and revise a lower court's decision. ( For example, U.S. Const. art. III, § 2 vests appellate jurisdiction in the Su-preme Court, while 28 USCA §§ 1291-1295 grant appellate jurisdiction to lower federal courts of appeals. Cf. original jurisdiction.

appellate record

see record on appeal

appellate review

Examination of a lower court's decision by a higher court, which can affirm, reverse, or modify the decision.

appellate rules

a body of rules governing appeals from lower courts.

articulated pleading

A pleading that states each allegation in a separately numbered paragraph.

as-extracted collateral

1. Oil, gas, or other minerals that are subject to a security interest that is created by a debtor having an interest in the minerals before extraction and that attaches to the minerals as they are extracted. UCC 9-102(a)(4)(A). 2. An account arising out of the sale at the wellhead or minehead of oil, gas, or other minerals in which the debtor had an interest before extraction. UCC 9-102(a)(4)(B).