Legal Dictionary of Pakistan

Accelerated Cost Recovery System

An accounting method that is used to calculate as,,l depreciation and that allows for the faster re covery of costs by assigning the asset a shoru-r useful life than was previously permitted under the Internal Revenue Code. 0 This system iq; -plies to property put into service from 1981 t c 1986. It was replaced in 1986 by the Modifu~<i Accelerated Cost Recovery System. - Abbr. ACRS.

Asseverate

ub. To state solemnly or positively; to aver. - asseveration (a-sev-aray-shan), n. See averment. Assign, n. (usu. Pl.) See assignee.

Average tax rate

see tax rate.

Backing. Endorsement, esp. Of a warrant by a magistrate.

See back (4).

Bank rate

see interest rate.

Confederate

n. An ally; esp., a coconspirator or accomplice.

Consanguineus frater

J. [Latin "blood brother"] Hist. A half,)rother by the same father.consanguineus uterinus (kon-sang-gwin-ee-as voo-ta-rl-nas). [Latin "blood relative by the tcterus"] Hist. A half-brother by the same

Constuprate

Archaic. To rape or violate (a person).

Corroborate

vb. To strengthen or confirm; to make more certain <the witness corroborated the plaintiff's testimony>.

Court of Magistrates and Freeholders

Hist. A South Carolina court with criminal jurisdiction over alleged offenses committed by slaves and free persons of color.

Curate

Eccles. law. 1. A person in charge of a parish; a pastor. 2. A member of the clergy who receives a stipend or salary to assist a vicar, rector, or pastor; an assistant to a parish priest.

Desecrate

ub. To divest (a thing) of its sacred character; to defile or profane (a sacred thing).

Disrate

vb. To reduce to a lower rank, esp. to reduce a ship or petty officer's rank.

Enumeratio infirmat regulam in casibus non enumerates

Enumeration disaffirms the rule in cases not enumerated.

Extraterritorial

adj. Beyond the geographic limits of a particular jurisdiction. - Also termed exterritorial.

Extraterritoriality

The freedom of diplomats, foreign ministers, and royalty from the jurisdiction of the country in which they temporarily reside. - Also termed exterritoriality. See diplomatic immunity under IMMUNITY (1).

Frater

[Latin] Roman law. A brother.

Frater fratri uterino non succedit in haereditate paterna

A brother shall not succeed a uterine brother in the paternal inheritance.

Fraternal

adj. 1. Of or relating to the relationship of brothers. 2. Of or relating to a fraternity or a fraternal benefit association. fraternal benefit association. A voluntary organization or society created for its members' mutual aid and benefit rather than for profit, and whose members have a common and worthy cause, objective, or interest. 0 These associations usu. have a lodge system, a governing body, rituals, and a benefits system for their members. - Also termed fraternal benefit society; fraternity; fraternal lodge; fraternal order. Cf FRIENDLY SOCIETY.

Generate nihil certi implicat

A general expression implies nothing certain.

Incorporate

ub. 1. To form a legal corporation <she incorporated the family business>. 2. To combine with something else <incorporate the exhibits into the agreement>. 3. To make the terms of another (esp. earlier) document part of a document by specific reference <the codicil incorporated the terms of the will>; esp., to apply the provisions of the Bill of Rights to the states by interpreting the 14th Amendment's Due Process Clause as encompassing those provisions.

Integrated bar

a bar association in which membership is a statutory requirement for the practice of law. - also termed unified bar.

Liberate

n. [Law Latin] Hist. 1. A chancery writ to the Exchequer ordering the payment of an annual pension or other sum. 2. A writ to the sheriff authorizing delivery of any property given as bond and then taken when a defendant forfeited a recognizance. 3. A writ to a jailer ordering delivery of a prisoner who had paid bail. 4. A writ to a sheriff commanding him to deliver to the plaintiff lands or goods pledged as part of a commercial trade loan arrangement (a statute staple) available in certain merchant towns in England. ( If a debtor defaulted on this obligation, the creditor could obtain a writ of extent, which directed the sheriff to take an inventory and entitled the creditor to keep the debtor's property for a time until the rentals on the property equaled the amount due. The writ of liberate was issued after the inventory had been performed under the writ of extent. See EXTENT; STAPLE.

Literate

adj. 1. Able to read and write a language. 2. Knowledgeable and educated. - literacy, n.

Magistrate

n 1.The highestranking official in a government, such as the king in a monarchy, the president in a republic, or the governor in a state. - Also termed chief magistrate; first magistrate. 2. A local official who possesses whatever power is specified in the appointment or statutory grant of authority. 3. A judicial officer with strictly limited jurisdiction and authority, often on the local level and often restricted to criminal cases. Cf. JUSTICE OF THE PEACE. - magisterial (maj-astir-ee-al), adj.

Magistrate Judge

U.S. See UNITED STATES MAGISTRATE JUDGE.

Modified Accelerated Cost Recovery System.

See ACCELERATED COST RECOVERY SYSTEM.

Nihil est enim liberate quod non idem jutum

For there is nothing generous that is not at the same time just.

Obliterate

vb. 1. To wipe out, rub off, or erase (a writing or other markings). 2. To remove from existence; to destroy all traces of. -obliteration, n. obliterated corner. See CORNER.

Perpetrate

ub. To commit or carry out (an act, esp. a crime) <find whoever perpetrated this heinous deed>. - perpetration, n.

Pignorate

ub. 1. To give over as a pledge; to pawn. 2. To take in pawn. - pignorative, adj. Cf. OPPIGNORATE.

Prorate

vb. To divide, assess, or distribute proportionately <prorate taxes between the buyer and the seller>. -proration, n.

Protectorate

1. Int'Z law. The relationship between a weaker nation and a stronger one when the weaker nation has transferred the management of its more important international affairs to the stronger nation. 2. Int'l law. The weaker or dependent nation within such a relationship. 3. (usu. cap.) The period in British history - from 1653 to 1659 - during which Oliver Cromwell and Richard Cromwell governed. 4. The British government in the period from 1653 to 1659.

Rate

n. 1. Proportional or relative value; the proportion by which quantity or value is adjusted <rate of inflation>. 2. An amount paid or charged for a good or service <the rate for a business-class fare is $550>.

Ratepayer

English law. A person who pays local taxes; a person liable to pay rates. See RATE (4).

Separate

adj. (Of liability, cause of action, etc.) individual; distinct; particular; disconnected.

Sperate

adj. Archaic. (Of a debt) recoverable; not hopeless. ( In determining whether a debt could be collected, consideration was formerly given to whether the debt was desperate or sperate.

U.S. Magistrate

See UNITED STATES MAGISTRATE JUDGE.

United States Magistrate Judge

A federal judicial officer who hears civil and criminal pretrial matters and who may conduct civil trials or criminal misdemeanor trials. 28 USCA §§ 631-639. - Also termed federal magistrate and (before 1990) United States Magistrate.

accelerated depreciation method

A depreciation method that yields larger deductions in the earlier years of an asset's life and smaller deductions in the later years.

accelerated depreciation method.

See DEPRECIATION METHOD

accelerated remainder

A remainder that has passed to the remainderman, as when the gift to the preceding beneficiary fails.

accusation,n. 1. A formal charge of criminal wrongdoing. 0 The accusation is usu. presenter) to a court or magistrate having jurisdiction tf) inquire into the alleged crime. 2. An informs i statement

adjustable-rate mortgage

A mortgage in which the lender can periodically adjust the mortgage's interest rate in accordance with fluctuations in some external market index. - Abbr. ARM. - Also termed variablerate mortgage; flexible-rate mortgage.

adjustable-rate mortgage.

See MORTGAGE.

adulterate

ub. to debase or make impure by adding a foreign or inferior substance. - adulteration, n.

adulterated drug

A drug that does not have the strength, quality, or purity represented or expected. copycat drug. See generic drug.

adulterated drug.

see drug.

ameliorate

ub. 1. to make better <the charity tries to ameliorate the conditions of the homeless>. 2. to become better <with time, the situation ameliorated>. ameliorating waste see waste (1).

annual percentage rate

The actual cost of borrowing money, expressed in the form of an annualized interest rate. - Abbr. APR.