Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Anniculus trecentesimo sexagesimo-quinto die dicitur, incipiente plane non exacto die, quia annum civiliter non ad momenta temporum sed ad dies numeramur
We call a child a year old on the 365th day, when the day is clearly begun but not ended, because we calculate the civil year not by moments, but by days.
Annus est mora motus quo suum planeta pervolvat circulum.
A year is the duration of the motion by which a planet revolves through its orbit.
Bankruptcy plan
a detailed program of action formulated by a debtor or its creditors to govern the debtor's rehabilitation, continued operation or liquidation, and payment of debts. 0 the bankruptcy court and creditors must approve the plan before it is implemented. -often shortened to plan. - also termed plan of reorganization (for chapter 11); plan of rehabilitation (for chapter 13). See arrangement with creditors.
H.R. 10 plan.
See KEOGH PLAN.
Keogh plan
See KEOGH PLAN.
Plan
n 1 BANKRUPTCY PLAN. 2. EMPLOYEE BENEFIT PLAN,
Pyramid distribution plan
See PYRAMID SCHEME.
Quicquid plantatur solo, solo cedit
Whatever is affixed to the soil belongs to it.
Solo cedit quod solo implantatur
What is planted in the soil belongs to the soil.
business plan
A written proposal explaining a new business or business idea and usu. covering financial, marketing, and operational plan.
cafeteria plan.
An employee fringe-benefit plan allowing a choice of basic benefits up to a certain dollar amount.
commission plan
A form of municipal government whereby both legislative and executive power is vested in a small group of elected officials. Today, commission plans are used in only a few cities.
common plan.
See COMMON DESIGN.
comprehensive zoning plan
A general plan to control and direct the use and development of a large piece of property. See ZONING.
contributory pension plan
A pension plan in which both the employer and the employee contribute. defined-contribution plan. See EMPLOYEE BENEFIT PLAN.
court-packing plan
A unsuccessful proposal -made in 1937 by President Franklin D. Roosevelt - to increase the number of U.S. Supreme Court justices from nine to fifteen. ( The ostensible purpose of the proposal was to increase the court's efficiency, but President Roosevelt wanted to appoint justices who would not block his administration's New Deal programs.
de plano
[Latin "from ground level"] 1. Roman law. Informally; in a summary manner. ( The praetor would administer justice de plano when he stood on the same level with the parties instead of sitting on an elevated bench. 2. Hist. Clearly; manifestly, as in de bigamis. See DE BIGAMIS. 3. Hist. By collusion. 4. Scots law. Forthwith.
defined pension plan
A pension plan in' which the employer promises specific benefits to each employee. - Also termed fixed-benefit plan.
defined-benefit plan
A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to employees over a period of years, usu. for life, after retirement. ( Retirement benefits under a defined-benefit plan are measured by and based on various factors such as years of service rendered and compensation earned. The amount of benefits and the employer's contributions do not depend on the employer's profits. The employer has the entire investment risk, and must cover any funding shortfall. Any plan that is not a definedcontribution plan is a defined-benefit plan. 29 USCA § 1002(35). Cf. defined-contribution plan.
defined-contribution plan
See EMPLOYEE BEN. EFIT PLAN.
disability retirement plan
1. A plan that is invoked when a covered person is disabled from working to normal retirement age. 2. A plan that provides increased benefits if a person retires because of a disability.
dividend-reinvestment plan
A companysponsored program that enables common shareholders to reinvest their dividends, plus additional voluntary payments, into shares of the entity's common stock, usu. with no sales charge, and sometimes at a discount from the stock's market price.
employee benefit plan
A written stock-purchase, savings, option, bonus, stock-appreciation, profit-sharing, thrift, incentive, pension, or similar plan solely for employees, officers, and advisers of a company. 0 The term includes an employee-welfare benefit plan, an employeepension benefit plan, or a combination of those two. But the term excludes any plan, fund, or program (other than an apprenticeship or training program) in which no employees are plan participants. - Often shortened to plan. Cf. PENSION PLAN.
employee-stock-ownership plan
A profitsharing plan designed primarily to give an employee retirement benefits and a stake in the company, but also used to allow employees to purchase their employer company if it is closing. IRC (26 USCA) § 4975(e)(7)(A). -Abbr. ESOP.
estate planning
1. The preparation for the distribution and management of a person's estate at death through the use of wills, trusts, insurance policies, and other arrangements, esp. to reduce estate-tax liability. 2. A branch of law that involves the arrangement of a person's estate, taking into account the laws of wills, taxes, insurance, property, and trusts.
excess benefit plan
An employee benefit plan maintained by an employer solely for the purpose of providing benefits for certain employees in excess of the statutory limitations on contributions and benefits.
financial planner
A person whose business is advising clients about personal finances and investments. ( Upon completing a certification program, such a person is called a certified financial planner. - Abbr. CFP.
fixed-benefit plan
See defined pension plan under PENSION PLAN.
floor plan financing
A loan that is secured by merchandise and paid off as the goods are sold. ( Usu. such a loan is given by a manu facturer to a retailer or other dealer (as a car dealer). - Also termed floor planning. Cf. FIELD WAREHOUSING.
floor planning.
See floor plan financing under FINANCING.
floor-plan financing.
See FINANCING,
floor-plan rule
The principle by which a vehicle owner who has placed for sale a vehicle in a retail dealer's showroom is estopped to deny the title of an innocent purchaser from the dealer in the ordinary course of retail dealing.
government plan.
See governmental plan under PLAN.
governmental employee benefit plan.
See governmental plan under EMPLOYEE BENEFIT PLAN.
governmental plan
An employee benefit plan established and maintained by the government for its employees at any level, including plans established or maintained in accordance with collective-bargaining agreements between governmental entities and labor unions if those plans are funded by, and cover only employees of, governmental entities. - Also termed governmental employee benefit plan; government plan.
governmental plan.
See EMPLOYEE BENEFIT PLAN.
guaranteed annual wage plan. Labor law
A wage-payment method in which the employer agrees either to pay employees a predetermined minimum sum each year or to provide a minimum number of hours of employment each year. 0 A wide variety of guaranteed annual wage plans are used. For example, an employer may agree to pay employees wages for each week in the year, even though work may not be available at certain times of the year. The purpose of such a plan is to provide a stable labor force year-round.
harmonic plane.
An arbitrarily selected zero chosen by the U.S. Coast and Geodetic Survey to serve as the base for its tidal tables, charts, and maps.
homagium planum
n. [Law Latin "plain homage"] Hist. A type of homage binding the homager to nothing more than fidelity, without obligation either of military service or of attendance in the superior's courts.
implementation plan
Environmental law. A detailed outline of steps needed to meet environmental-quality standards by an established time.
incentive pay plan
A compensation plan in which increased productivity is rewarded with higher pay.
income-based plan
See CHAPTER 13.
individual account plan
See defined-contribution plan.
installment plan
See INSTALLMENT SALE.
land-use planning
The deliberate, systematic development of real estate through methods such as zoning, environmental-impact studies, and the like. - Also termed urban planning.
master plan
Land-use planning. A municipal plan for housing, industry, and recreation facilities, including their projected environmental impact. See PLANNED-UNIT DEVELOPMENT.
money purchase plan
An employee benefit plan that provides a benefit based on the total amount of employer contributions in a participant's account. ( A money-purchase plan can be a qualified plan if the contributions are fixed and not geared to profits. nonqualified deferred-compensation plan A compensation arrangement (such as providing stock options), frequently offered to executives, that defers the recognition of taxable income to a later date."Generally, a nonqualified deferred compensation plan is an agreement or promise by an employer to certain individuals to pay compensation to those individuals at some future date. A nonqualified plan may also be a series of deferred compensation agreemen
money-purchase plan
See EMPLOYEE BENEFIT PLAN.
noncontributory pension plan
A pension plan contributed to only by the employer.
nonqualified deferred-compensation plan
See EMPLOYEE BENEFIT PLAN. nonqualified pension plan See PENSION PLAN.