Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Near
adu. 1. Close to; not far away, as a measure of distance <the neighbors' houses are near one another>. 2. Almost; close in degree <a near miss>. 3. Closely tied by blood <my brother is a near relative>. 4. Familiar; intimate < a near friend>.
idoneum se facere; idoneare se
[Law Latin "to make oneself sufficient; to clear oneself '] Hist. To purge oneself, by oath, of a crime that one is accused of committing.
near money
See current asset under ASSET.
unearned income
1. Earnings from investments rather than labor. - Also termed investment income. 2. Income received but not yet earned; money paid in advance. Cf. earned income.
unearned increment
See INCREMENT.
unearned increment.
An increase in the value of real property due to population growth.
unearned interest
See INTEREST (3).
unearned premium
The portion of an insurance premium applicable to the coverage period that has not yet occurred. ( In the same example as above under earned premium, the unearned premium after three months is $900. 2. A sum of money paid in addition to a regular price, salary, or other amount; a bonus. 3. The amount by which a security's market value exceeds its face value. - Also termed (specif.) bond premium. Cf. DISCOUNT (3).
unearned premium reserve
An insurance company's reserve that represents premiums that have been received in advance but not yet applied to policy coverage. ( If a policy holder cancels coverage before the policy ex pires but has already paid a premium for the full policy period, the insurance company re funds the policyholder out of this reserve. 2. RESERVATION (3). 3. See net value under VALUE. - reserve, vb.
unearned surplus
Corporations. The total of amounts assigned to shares in excess of stated capital, surplus arising from a revaluation of assets above cost, and contributions other than for shares, whether from shareholders or others.
unearned-premium reserve
See RESERVE.