Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
National Association of Securities Dealers Automated Quotation system
A computerized system for recording transactions and displaying price quotations for a group of actively traded securities on the over-the-counter market. - Abbr. NASDAQ.
National Daily Quotation Service
See PINK SHEET.
National Quotation Bureau
A company that publishes daily price quotations (pink sheets) of over-the-counter securities.
Quota
1. A proportional share assigned to a person or group; an allotment <the university's admission standards included a quota for in-state residents>. 2. A quantitative restriction; a minimum or maximum number <Faldo met his sales quota for the month>.
Quotation
1. A statement or passage that is reproduced, attributed, and cited. 2. The amount stated as a stock's or commodity's current price. 3. A contractor's estimate for a given job. - Sometimes shortened to quote.
actum de quota litis
. [Latin "agreement about a portion the amount in issue"] An agreement in ,rich a creditor promises to pay a portion of t difficult-to-collect debt to a person attempting to collect it; an agreement to share the proceeds of a litigation.
export quota
A restriction on the products that can be sold to foreign countries. ( In the United States, export quotas can be established by the federal government for various purposes, including national defense, price support, and economic stability.
export quota.
See quota
import quota
A restriction on the volume of a certain product that can be brought into the country from a foreign country. ( In the United States, the President may establish a quota on an item that poses a threat of serious injury to a domestic industry.
import quota.
See QUOTA.
market quotation
The most current price at which a security or commodity trades.