Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Naked
adj. (Of a legal act or instrument) lacking confirmation or validation <naked ownership of property>.
Naked authority
authority delegated solely for the principal's benefit, without giving any consideration to the agent. ( this authority can be revoked by the principal at any time.
naked authority
See AUTHORITY (1).
naked bailment
See gratuitous bailment under BAILMENT.
naked confession
See CONFESSION.
naked contract
See NUDUM PACTUM.
naked debenture
See DEBENTURE (3).
naked deposit
See gratuitous bailment under BAILMENT, DEPOSIT (5).
naked expectancy
See naked possibility under POSSIBILITY.
naked land trust
See land trust.
naked license
1 A license allowing a licensee to use a trademark on any goods and services the licensee chooses. 2. See bare license.
naked licensee
See bare licensee under LICEN. SEE.
naked option
A call option that grants another the right to buy stock even though the option-giver does not own the stock to back up that commitment. - Also termed uncovered option.
naked owner
Civil law. A person whose property is burdened by a usufruct. See USUFRUCT.
naked possession
The mere possession of something, esp. real estate, without any apparent right or colorable title to it.
naked possibility
See POSSIBILITY.
naked power
The power to exercise rights over something (such as a trust) without having a corresponding interest in that thing. Cf. power coupled with an interest.
naked promise
See gratuitous promise under PROMISE.
naked trust
See passive trust under TRUST.