Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Arrangement with creditors
bankruptcy. A debtor's agreement with creditors for the settlement, satisfaction, or extension of time for payment of debts. See bankruptcy plan.
Arranger for disposal
environmental law. An entity that owns or possesses hazardous substances, and either disposes of them or has an obligation to control them. 0 an arranger for disposal can be held liable for environmental cleanup costs under cercla.
Asset-depreciation range
the irs's range of depreciation lifetimes allowed for assets placed in service between 1970 and 1980 and for assets depreciated under the modified accelerated cost recovery system under the tax reform act of 1986. - abbr. Adr. See accelerated cost recovery system
Granger Cases
Six U.S. Supreme Court decisions that affirmed the government's right to regulate fees charged by common carriers, warehouses, and grain elevators. a The cases, decided in 1876, arose out of grangers' (i.e., farmers') frustration with the inflated prices they were paying to store and transport their agricultural products. Several state legislatures passed statutes regulating the rates. The affected businesses sued to have the statutes overturned on grounds that they violated the Commerce Clause and the Due Process Clause of the 14th Amendment. The Court rejected these claims, holding that the activities involved affected the public interest and were therefore subject to the government's regulatory authority.
Range
n. Land law. In U.S. government surveys, a strip of public land running due north to south, consisting of a row of townships, at six-mile intervals. - Abbr. R.
Ranger
1. Hist. In England, an officer or keeper of a royal forest, appointed to patrol the forest, drive out stray animals, and prevent trespassing. 2. An officer or warden who patrols and supervises the care and preservation of a public park or forest. 3. One of a group of soldiers who patrol a given region; esp., in the U.S. military, a soldier specially trained for surprise raids and close combat. 4. A member of a special state police force.
Stranger
1 One who is not party to a given transaction <she was a stranger to the agreement. 2. One not standing toward another in some relation implied in the context <the trustee was negotiating with a stranger>.
cash or deferred arrangement.
A retirement plan provision permitting an employee to have a certain amount of compensation paid in cash or contributed, on behalf of the employee, to a profit-sharing or stock-bonus plan. ( A 401(k) plan is a type of cash or deferred arrangement - Abbr. CODA
de frangentibus prisonam
n. [Latin "of those who break prison"] Hist. The statute providing that an escaped prisoner will not be put to death or forfeit a limb simply for escaping from prison unless the original crime required that penalty upon conviction. 1 Edw. 2.
exclusive-dealing arrangement
An agreement requiring a buyer to purchase all needed goods from one seller. - Also termed exclusive dealing. See requirements contract under CONTRACT.
family arrangement
An informal agreement among family members, usu. to distribute property in a manner other than what the law provides for. - Also termed family settlement.
grange
Hist. A farm furnished with all the necessities for husbandry, such as a barn, granary, and stables; esp., an outlying farm that belonged to a religious establishment or a feudal lord.
stranger in blood
1 One not related by blood, such as a relative by affinity. 2. Any person not within the consideration of natural love and affection arising from a relationship.
tie-in arrangement
See TYING ARRANGEMENT.
tying arrangement
Antitrust. 1. A seller's agreement to sell one product or service only if the buyer also buys a different product or service. ( The product or service that the buyer wants to buy is known as the tying product or tying service; the different product or service that the seller insists on selling is known as the tied product or tied service. Tying arrangements may be illegal under the Sherman or Clayton Act if their effect is too anticompetitive. 2. A seller's refusal to sell one product or service unless the buyer also buys a different product or service. - Also termed tying agreement; tie-in; tie-in arrangement. Cf. RECIPROCAL DEALING.