Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Pooling
See COMMUNITIZATION.
debt pooling
An arrangement by which a person's debts are consolidated and creditors agree to accept lower monthly payments or to take less money. - Also termed debt consolidation; debt adjustment.
patent pooling
The cross-licensing of patents among patentholders. ( Patent pooling does not violate antitrust laws unless it is done to suppress competition or control an industry.
pooling agreement
A contractual arrangement by which corporate shareholders agree that their shares will be voted as a unit. - Also termed voting agreement; shareholder voting agreement; shareholder-control agreement.
pooling of interests
A method of accounting used in mergers, whereby the acquired company's assets are recorded on the acquiring company's books at their cost when originally acquired. * No goodwill account is created under the pooling method.