Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Court of Ordinary
Hist. A Georgia court of probate jurisdiction.
Extraordinary average
a contribution by all the parties concerned in a commercial voyage - whether for vessel or cargo -toward a loss sustained by some of the parties in interest for the benefit of all.
Lord of Appeal in Ordinary
A person appointed and salaried to aid the House of Lords in the hearing of appeals. ( These lords rank as barons for life, and sit and vote in the House of Lords even after retirement.
Ordinary
n. 1. Eccles. law. A high-ranking official who has immediate jurisdiction over a specified territory, such as an archbishop over a province or a bishop over a diocese. 2. Civil law. A judge having jurisdiction by right of office rather than by delegation. 3. A probate judge. ( The term is used in this sense only in some U.S. states.
adjusted ordinary gross income
A corporation's gross income less capital gains and certain expenses. ( The IRS uses this calculation to determine whether a corporation is a personal holding company. If 60% or more of a corporation's AOGI consists of certain passive investment income, the company has met the test for personal-holding-company classification. IRC (26 USCA) § 543(b). - Abbr. AOGI. See personal holding company under COMPANY.
adjusted ordinary gross income.
See INCOME.
buyer in ordinary course of business
A person who in good faith and without knowledge that the sale violates a third party's ownership rights or security interest in the goods - buys from a person regularly engaged in the business of selling goods of that kind. Pawnbrokers are excluded from the definition. UCC § 1-201(9).
court of ordinary
See probate court.
envoy extraordinary
Int'l law. A person who heads a legation rather than an embassy. 0 In current usage, the term is honorific and has no special significance.
extraordinary average
See AVERAGE.
extraordinary care
See highest degree of care under DEGREE OF CARE. extraordinary circumstances See CIRCUMSTANCE.
extraordinary circumstances
A highly unusual set of facts that are not commonly associated with a particular thing or event.
extraordinary danger
See HAZARD (1).
extraordinary diligence
See DILIGENCE.
extraordinary diligence.
Extreme care that a person of unusual prudence exercises to secure rights or property.
extraordinary dividend
A dividend paid in addition to a regular dividend, usu. because of exceptional corporate profits during the dividend period. - Also termed extra dividend; nonrecurring dividend; special dividend.
extraordinary expense
An unusual or infrequent expense, such as a write-off of goodwill or a large judgment. ( As used in a constitutional provision authorizing a state to incur extraordinary expenses, the term denotes an expense for the general welfare compelled by an unforeseen condition such as a natural disaster or war. fixed expense. See fixed cost under COST.
extraordinary flood
A flood whose occurrence is not predictable and whose magnitude and destructiveness could not have been anticipated or provided against by the exercise of ordinary foresight; a flood so unusual that a person of ordinary prudence and experience could not have foreseen it. See ACT OF GOD.
extraordinary gain
A gain that is both unusual and infrequent, such as the gain realized from selling a large segment of a business.
extraordinary grand jury
See special grand jury under GRAND JURY. extraordinary hazard See HAZARD (1).
extraordinary hazard
Workers' compensation. An unusual occupational danger that is increased by the acts of employees other than the injured worker.
extraordinary loss
A loss that is both unusual and infrequent, such as a loss resulting from a natural disaster.
extraordinary majority
See supermajority under MAJORITY.
extraordinary remedy
A remedy - such as a writ of mandamus or habeas corpus -not available to a party unless necessary to preserve a right that cannot be protected by a standard legal or equitable remedy.
extraordinary repair
As used in a lease, a repair that is made necessary by some unusual or unforeseen occurrence that does not destroy the building but merely renders it less suited to its intended use; a repair that is beyond the usual, customary, or regular kind.
extraordinary risk
See extraordinary hazard under HAZARD (1).
extraordinary session
See special session. extra session. See special session.
extraordinary writ
A writ issued by a court exercising unusual or discretionary power. a Examples are certiorari, habeas corpus, mandamus, and prohibition. - Also termed prerogative writ.
judge ordinary
Hist. The judge of the English Court for Divorce and Matrimonial Causes from 1857-1875.
lessee in the ordinary course of business
A person that, in good faith and without knowledge that the lease is in violation of a third party's ownership rights, security interest, or leasehold interest, leases in the ordinary course from a person in the business of selling or leasing goods of that kind. UCC § 2A-102(a)(26). ( The UCC specifically excludes pawnbrokers from the definition.
ordinary and necessary business expense
See ordinary and necessary expense under EXPENSE.
ordinary and necessary expense
An expense that is normal or usual and helpful or appropriate for the operation of a particular trade or business and that is paid or incurred during the taxable year. ( Ordinary and necessary expenses are tax-deductible. - Also termed ordinary and necessary business expense.
ordinary annuity
an annuity that makes payments at the end of each pay period. cf. annuity due.
ordinary care
See reasonable care under CARE.
ordinary course of business
See COURSE OF BUSINESS.
ordinary diligence
See DILIGENCE.
ordinary diligence.
The diligence that a person of average prudence would exercise in handling his or her own property like that at issue.
ordinary gain
A gain from the sale or exchange of a noncapital asset. Cf. CAPITAL GAIN.
ordinary goods
See GOODS.
ordinary high tide
See mean high tide.
ordinary income
See INCOME.
ordinary income.
1. For business-tax purposes, earnings from the normal operations or activities of a business. - Also termed operating income. 2. For individual income tax purposes, income that is derived from sources such as wages, commissions, and interest (as opposed to income from capital gains).
ordinary insurance
Life insurance having an interest-sensitive cash value, such as whole life insurance or universal life insurance. 0 Ordinary insurance is one of three main categories of life insurance. Cf. group insurance; industrial life insurance.
ordinary law
See STATUTORY LAW.
ordinary life insurance
See whole life insurance.
ordinary loss
See LOSS.
ordinary meaning
See plain meaning under MEANING.
ordinary negligence
See NEGLIGENCE.
ordinary seaman
A seaman who has some experience but who is not proficient enough to be classified as an able-bodied seaman. -Abbr. OS; OD.
ordinary shares
See common stock under STOCK.