Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Bargain money.
see earnest money.
Money
1. The medium of exchange authorized or adopted by a government as part of its currency <coins and currency are money>. UCC ยง 1-201(24). 2. Assets that can be easily converted to cash <demand deposits are money . 3. Capital that is invested or traded as a commodity <the money market> 4. (pl.) Funds; sums of money <investment moneys. - Also spelled (in sense 4) monies. See MEDIUM OF EXCHANGE; LEGAL TENDER.
acknowledgment money.
See LAUDEMIUM.
action for money had and received
At common law, an action by which the plaintiff could recover money paid to the defendant, the money usu. being recoverable because (1) the money had been paid by mistake or under compulsion, or (2) the consideration was insufficient."The action for money had and received lay to recover money which the plaintiff had paid to the defendant, on the ground that it had been paid under a mistake or compulsion, or for a consideration which had wholly failed. By this action the plaintiff could also recover money which the defendant had received from a third party, as when he was accountable or had attorned to the plaintiff in respect of the money, or the money formed part of the fruits of an office of the plaintiff which the defendant had usurped." Robert Goff & Gareth Jones, The Law of Restitution 3 (3d ed. 1986).
action for money paid.
See Action
blood money.
1. Hist. A payment given by a murderer's family to the next of kin of the murder victim. 2. A reward given for the appre- hension of a person charged with a crime, esp. capital murder.
caution money
See EARNEST MONEY.
chimney money
See HEARTH MONEY.
common money bond
See BOND (2)
common money bond.
A promise to pay money as a penalty for failing to perform a duty or obligation.
condemnation money
1. Damages that a losing party in a lawsuit is condemned to pay. 2. Compensation paid by an expropriator of land to the landowner for taking the property.
current money
Money that circulates throughout a country; currency.
dispatch money
Maritime law. An amount paid by a shipowner to a vessel's charterer if the vessel's cargo is unloaded at the port sooner than provided for in the agreement between the charterer and the shipowner. - Also termed dispatch. Cf. contract demurrage under DEMURRAGE."Some charters contain a provision for 'dispatch money,' which is in the nature of a reward to the charterer for loading or unloading more rapidly than provided for -i.e., in less time than the stipulated 'lay days.' Dispatch, where payable, is usually st
earnest money
A deposit paid (usu. in escrow) by a prospective buyer (esp. of real estate) to show a good-faith intention to complete the transaction, and ordinarily forfeited if the buyer defaults. ( Although earnest money has traditionally been a nominal sum (such as a nickel or a dollar) used in the sale of goods, it is not a mere token in the real-estate context: it may amount to many thousands of dollars. - Also termed earnest; bargain money; caution money; hand money. Cf. BINDER (2); down payment under PAYMENT. "The amount of earnest money deposited rarely exceeds 10 percent of the purchase price, and its primary purpose is to serve as a source of payment of damages should the buyer default. Earnest money is not essential to make a purchase agreement binding if
faux money
Counterfeit money.
fiat money
Paper currency not backed by gold or silver. - Also termed flat money.
flat money.
See fiat money under MONEY.
front money.
See SEED MONEY.
hand money.
Money paid in hand to bind a bargain; earnest money paid in cash. See EARNEST MONEY.
hard money
1. Coined money, in contrast to paper currency. 2. Cash.
hard money.
See MONEY
hat money.
Maritime law. A small gratuity traditionally paid to the master (and sometimes the crew) of a ship for the care of the cargo; PRIMAGE. - Also termed pocket money.
head money.
1. A tax on people who fit within a designated class; a poll tax. See capitation tax and poll tax under TAX. 2. A bounty offered by a government for a prisoner taken at sea during a naval engagement. ( This bounty is divided among the officers and crew in the same manner as prize money. See PRIZE MONEY. 3. A tax or duty on shipowners, imposed by an 1882 federal statute, for every immigrant brought into the United States. - Also termed head tax. 4. Hist. A bounty or reward paid to a person who killed a bandit or outlaw and produced the head as evidence. See BOUNTY; REWARD.
hearth money.
Hist. 1. A tax of two shillings levied on every fireplace in England (14 Car. 2, ch. 10). ( This extremely unpopular tax was enacted in 1662 during the reign of Charles II and abolished in 1688. 2. PETER-PENCE. - Also termed (in sense 1) chimney money.
hush money. Slang.
A bribe to suppress the dissemination of certain information; a payment to secure silence.
imprest money
A payment made to a soldier or sailor upon enlistment or impressment.
key money
1 Payment (as rent or security) required from a new tenant in exchange for a key to the leased property. 2. Payment made (usu. secretly) by a prospective tenant to a landlord or current tenant to increase the chance of obtaining a lease in an area where there is a housing shortage. ( Key money in the first sense is a legal transaction; key money in the second sense is usu. an illegal bribe that violates housing laws.
lawful money
Money that is legal tender for the payment of debts.
marked money
Money that bears a telltale mark so that the money can be traced, usu. to a perpetrator of a crime, as when marked money is given to a kidnapper as ransom.
measuring money
Hist. An extra duty collected on cloth. 0 It was abolished during the reign of Henry IV.
mise money
Hist. Money paid by contract to purchase a privilege.
money bill
See revenue bill under BILL (3)
money broker
A broker who negotiates the lending or raising of money for others.
money broker.
See BROKER.
money changer
One whose primary business is exchanging currencies.
money claim
Hist. Under the English Judicature Act of 1875, money claimed as damages, as for breaches of contract and rent arrearages.
money count
Hist. A count, usu. founded on a simple contract, giving rise to a claim for payment of money. "Simple contracts, express or implied, resulting in mere debts, are of so frequent occurrence as causes of action, that certain concise forms of counts were devised for suing upon them. These are called the indebitatus' or money counts.'" 2 Stewart Rapalje & Robert L. Lawrence, A Dictionary o/ American and English Law 833 (1883).
money demand
A claim for a fixed, liquidated sum, as opposed to a damage claim that must be assessed by a jury.
money had and received
See action for money had and received under ACTION. money judgment See JUDGMENT.
money judgment
A judgment for damages subject to immediate execution, as distinguished from equitable or injunctive relief.
money land
Money held in a trust providing for its conversion into land. money-laundering See LAUNDERING.
money made
A sheriffs return on a writ of execution signifying that the sum stated on the writ was collected.
money market
The financial market for dealing in short-term negotiable instruments such as commercial paper, certificates of deposit, banker's acceptances, and U.S. Treasury securities.
money order
A negotiable draft issued by an authorized entity (such as a bank, telegraph company, post office, etc.) to a purchaser, in lieu of a check to be used to pay a debt or otherwise transmit funds upon the credit of the issuer.
money paid
See action for money paid under ACTION.
money purchase plan
An employee benefit plan that provides a benefit based on the total amount of employer contributions in a participant's account. ( A money-purchase plan can be a qualified plan if the contributions are fixed and not geared to profits. nonqualified deferred-compensation plan A compensation arrangement (such as providing stock options), frequently offered to executives, that defers the recognition of taxable income to a later date."Generally, a nonqualified deferred compensation plan is an agreement or promise by an employer to certain individuals to pay compensation to those individuals at some future date. A nonqualified plan may also be a series of deferred compensation agreemen
money scrivener
See SCRIVENER.
money supply
The total amount of money in circulation in the economy. See Ml; M2; M3.
money-market account
An interest-bearing account at a bank or other financial institution. ( Such an account usu. pays interest competitive with money-market funds but allows a limited number of transactions per month. See money market under MARKET.
money-market fund
A mutual fund that invests in low-risk government securities and short-term notes.