Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Obliterate

vb. 1. To wipe out, rub off, or erase (a writing or other markings). 2. To remove from existence; to destroy all traces of. -obliteration, n. obliterated corner. See CORNER.

obliterated corner

A corner that can be located only with evidence other than that put in place by the original surveyor.2. The acquisition of control over all or a dominant quantity of a commodity with the purpose of artificially enhancing the price, carried out by purchases and sales of the commodity - and of options and futures - in a way that depresses the market price so that the participants are enabled to purchase the commodity at satisfactory prices and withhold it from the market for a time, thereby inflating its price. ( A corner accomplished by confederation, with the purpose of raising or depressing prices and operating on the market, is a criminal conspiracy if the means are unlawful.