Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Load
n. An amount added to a security's price or to an insurance premium in order to cover the sales commission and expenses <the mutual fund had a high front-end load>. - Also termed sales load; acquisition cost.
Loading
Insurance. An amount added to a lifeinsurance premium to cover the insurer's business expenses and contingencies. - Also termed expense loading. See gross premium (1) under PREMIUM (1).
Loadmanage
The fee paid to loadsmen, who sail in small vessels acting as pilots for larger ships.
caseload.
The volume of cases assigned to a given court, agency, officer, judge, law firm, or lawyer.
expense loading
See LOADING.
load factor
1. The ratio of a utility customer's usage levels during a given period compared to the customer's demand during peak periods. 2. An analysis of the number of passengers on an airplane or other common carrier compared to available capacity.
load fund
A mutual fund that charges a commission, usu. ranging from 4 to 9%, either when shares are purchased (a front-end load) or when they are redeemed (a back-end load).
load line
Maritime law. 1. The depth to which a safely loaded ship will sink in salt water. 2. One of a set of graduated marks on the side of a ship, indicating the depth to which the ship can be loaded in varying waters (such as salt water or freshwater) and weather conditions. ( Load lines must, by law in most maritime countries, be cut and painted amidships. - Also termed (in sense 2) load-line marks; Plimsoll marks. "The interest of shipowners led them, in early times, to load vessels to a point beyond safety; the greater the weight of the vessel's load, of course, the lower she rides in the water, and the more vulnerable she is to heavy seas. Many seamen consequently lost their lives. Britain led the way in establishing standards of depth in the water believed to be safe; Samuel Plimsoll, M.P., was the moving spirit, and gave his name to the Plimsoll mark, now seen on the side of all large vessels, which marks the limits of safety for different seas and seasons. Since 1929, the United States has made mandatory the placing of and compliance with loadline marks ...." Grant Gilmore & Charles L. Black, Jr., The Law of Admiralty ยง 11-12, at 987 (2d ed. 1975).
no-load fund
A mutual fund that does not charge any sales commission (although it may charge fees to cover operating costs).
no-load fund.
See MUTUAL FUND.
sales load
See LOAD.