Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
General Counsel's Memorandum
Tax law. 1. A written discussion, issued by the office of the Chief Counsel of the IRS, on the merits of a legal issue involving tax law. 2. A written explanation, issued by the office of the Chief Counsel of the IRS, explaining the IRS's positions in revenue rulings and technical advice memorandums. general count. See COUNT.
Memorandum
1 An informal written note or record outlining the terms of a transaction or contract <the memorandum indicated the developer's intent to buy the property at its appraised value>. ( To satisfy the statute of frauds, a memorandum can be written in any form, but it must (1) identify the parties to the contract, (2) indicate the contract's subject matter, (3) contain the contract's essential terms, and (4) contain the signature of the party against whom enforcement is sought. -Also termed memorial; note. See STATUTE OF FRAUDS. 2. An informal written communication used esp. in offices <the firm sent a memorandum reminding all lawyers to turn in their timesheets>. - Often shortened to memo. 3. A party's written statement of its legal arguments presented to the court, usu. in the form of a brief <memorandum of law>. Pl. memoranda, memorandums.
Technical Advice Memorandum
A publication issued by the national office of the IRS, usu. at a taxpayer's request, to explain some complex or novel tax-law issue. - Abbr. TAM.
credit memorandum
A document issued by a seller to a buyer confirming that the seller has credited (i.e., reduced) the buyer's account because of an error, return, or allowance.
memorandum articles
Marine insurance. Goods described in the memorandum clause. See MEMORANDUM CLAUSE.
memorandum check
A check that a bor rower gives to a lender for the amount of short-term loan, with the understanding that it is not to be presented for payment but will be redeemed by the borrower when the loan falls due.
memorandum clause
A marine-insurance clause protecting underwriters from liability for injury to goods that are particularly perishable, or for minor damages.
memorandum decision
See memorandum opinion under OPINION (1).
memorandum in error
A document alleging a factual error, usu. accompanied by an affidavit of proof.
memorandum of alteration
English law. A patentee's disclaimer of certain rights - such as rights to part of an invention that is not new and useful - to avoid losing the whole patent. ( Under former law, if a patent was granted to two inventions, one of which was not new and useful, the entire patent would be defective.
memorandum of association
English law. A legal document setting up a corporation - either with or without limited liability - and including the company's name, purpose, and duration. See ARTICLES OF INCORPORATION.
memorandum of intent
See LETTER OF INTENT.
memorandum of understanding
See LETTER OF INTENT.
memorandum opinion
See OPINION (1).
memorandum opinion.
A unanimous opinion stating the decision of the court; an opinion that briefly reports the court's conclusion, usu. without elaboration because the decision follows a well-established legal principle or does not relate to any point of law. - Also termed memorandum decision.
memorandum sale
See SALE.
price memorandum
Securities. A document created by an underwriter to explain how securities are priced for a public offering and, typically, to show estimates and appraisals that are not allowed as part of the offering documents.