Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Month
1. One of the twelve periods of time in which the calendar is divided <the month of March>. - Also termed calendar month; civil month. 2. Any time period approximating 30 days <due one month from today>. 3. At common law, a period of 28 days; the period of one revolution of the moon <a lunar month>. -Also termed lunar month. 4. One-twelfth of a tropical year; the time it takes the sun to pass through one sign of the zodiac, usu. approximating 30 days <a solar month> - Also termed solar month.
calendar month
See MONTH.
civil month
See MONTH (1).
defense-month
See FENCE-MONTH,
fence-month
Hist. The summer fawning season when it was unlawful to hunt deer. - Also termed defense-month.
lunar month
See MONTH (3).
month-to-month lease
A tenancy with no written contract. ( Rent is paid monthly, and usu. one month's notice by the landlord or tenant is required to terminate the tenancy. See periodic tenancy under TENANCY.
month-to-month tenancy
See periodic tenancy under TENANCY.
one-month liquidation
See LIQUIDATIOI
solar month
See MONTH.
twelve-month liquidation
A liquidation occurring within 12 months from adoption of the liquidation plan to complete liquidation, subject to a tax law prohibiting the company from recognizing any gains or losses on property sold within that time frame. ( Generally, inventory will not be included unless a bulk sale occurs. IRC (26 USCA) ยง 337. 4. Bankruptcy. The process - under Chapter 7 of the Bankruptcy Code - of collecting a debtor's nonexempt property, converting that property to cash, and distributing the cash to the various creditors. 0 Upon liquidation, the debtor hopes to obtain a discharge, which releases the debtor from any further personal liability for prebankruptcy debts. Cf. REHABILITATION (3).