Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Balloon note
see note (1)
Banknote
See BANKNOTE.
Endnote
A note that, instead of appearing at the bottom of the page (as a footnote does), appears at the end of the book, chapter, or paper.
Headnote
A case summary that appears before the printed judicial opinion in a law report, addresses a point of law, and usu. includes the relevant facts bearing on that point of law. -Also termed syllabus; synopsis; reporter's syllabus.
Lawnote
See NOTE (2).
Note
ub. 1. To notice carefully or with particularity <the defendant noted that the plaintiff seemed nervous>. 2. To put down in writing <the court reporter noted the objection in the record>. 3. Archaic. To brand <as punishment, the criminal was noted>. See NOTA.
Sidenote
See MARGINAL NOTE.
Spurious banknote
1. A banknote that is legitimately made from a genuine plate but that has forged signatures of the issuing officers, or the names of fictitious officers. 2. A banknote that is not a legitimate impression from a genuine plate, or is made from a counterfeit plate, but that is signed by the persons shown on it as the issuing officers. Also termed spurious bank bill.
T-note
abbr. TREASURY NOTE.
Treasury note
An intermediate-term debt security issued by the federal government, with a maturity of two to ten years. ( These notes are considered risk-free, but they usu. pay relatively little interest. - Abbr. T-note.
accommodation note
A note that an accommodating party has signed and thereby assumed secondary liability for; ACCOMMODATION PAPER.
allotment note
english law. a seaman's written assignment of a portion of his wages to a wife, parent, grandparent, or sibling. 0 these notes are governed by the merchant shipping act of 1970, ยง 13(1).
approved indorsed note
A note indorsed by a person other than the maker to provide additional security.
balloon note
A note requiring small periodic payments but a very large final payment. ( The periodic payments usu. cover only interest, while the final payment (the balloon payment) represents the entire principal.
bills and notes.
See PAPER.
blue note
A note that maintains a life-insurance policy in effect until the note becomes due.
blue note.
See NOTE (1).
bought and sold notes
Two memoranda prepared by a broker to record the sale of a note. 0 The broker sends the bought note to the purchaser, and sends the sold note to the seller.
bought note
A written memorandum of a sale delivered to the buyer by the broker responsible for the sale.
circular note
See LETTER OF CREDIT.
circular note.
See LETTER OF CREDIT.
coal note
See NOTE ( t).
cognovit note
A promissory note containing a cognovit clause. - Also termed judgment note.
cognovit note.
See COGNOVIT NOTE
collateral note
See secured note.
coupon note
A note with attached interest coupons that the holder may present for payment as each coupon matures.
cover note
A written statement by an insurance agent confirming that coverage is in effect. ( The cover note is distinguished from a binder, which is prepared by the insurance company.The Pocket Lawyer and Family Conveyancer 96 (3d ed. 1833).
demand note
A note payable whenever the creditor wants to be paid. See call loan under LOAN.
executed note
See NOTE (1).
executed note.
A note that has been signed and delivered.
federal reserve note
The paper currency in circulation in the United States. ( The notes are issued by the Federal Reserve Banks, are effectively non-interest-bearing promissory notes payable to bearer on demand, and are issued in denominations of $1, $5, $10, $20, $50, $100, $500, $1,000, $5,000, and $10,000.
field notes
The notes in a surveyor's field book.
floating-rate note
A note carrying a variable interest rate that is periodically adjusted within a predetermined range, usu. every six months, in relation to an index, such as Treasury bill rates. - Also termed floater.
floating-rate note.
See NOTE (1
goldsmiths' notes. Hist
Bankers' cash notes; promissory notes given by bankers to customers as acknowledgments of the receipt of money. ( This term derives from the London banking business, which originally was transacted by goldsmiths.
hand note
A note that is secured by a collateral note.
hand note.
See NOTE (1)
headnote lawyer
Slang. A lawyer who relies on the headnotes of judicial opinions rather than taking the time to read the opinions themselves.
headnote lawyer.
See LAWYER.
i inverse-floating-rate note
See NOTE (1).
innotescimus
[Law Latin "we make known"] Hist. A certification, in the form of letters patent, of a charter of feoffment or other instrument not filed of record. ( This term derives from the word of emphasis appearing at the end of the document. Cf. EXEMPLIFICATION.
installment note
See NOTE (1).
installment note.
A note payable at regular intervals. - Also termed serial note.
inverse-floating-rate note
A note structured in such a way that its interest rate moves in the opposite direction from the underlying index (such as the London Interbank Offer Rate). ( Many such notes are risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall. - Also termed inverse floater.
joint and several note
See NOTE (1).
joint note
A note for which multiple makers are jointly, but not severally, liable for repayment, meaning that the payee must legally look to all the makers together for payment of the debt. See joint liability under LIABILITY.
judgment note
1. A nonnegotiable promissory note, illegal in most states, containing a power of attorney to appear and confess judgment for a specified sum. 2. COGNOVIT NOTE.
marginal note
A brief notation, in the nature of a subheading, placed in the margin of a printed statute for ease of reference. ( Many jurisdictions hold that notes of this kind cannot be used as the basis for an argument about the interpretation of a statute. - Also termed sidenote. marginal revenue. See REVENUE. marginal tax rate. See TAX RATE. margin call. See CALL.
mortgage note
A note evidencing a loan for which real property has been offered as security. negotiable note See NEGOTIABLE INSTRUMENT.
negotiable note
See NEGOTIABLE INSTRUMENT.