Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Recapture
n. 1. The act or an instance of retaking or reacquiring; recovery. 2. The lawful taking by the government of earnings or profits exceeding a specified amount; esp., the government's recovery of a tax benefit (such as a deduction or credit) by taxing income or property that no longer qualifies for the benefit. 3. Int'l law. The retaking of a prize or booty so that the property is legally restored to its original owner. See POSTLIMINIUM (2). - recapture, vb.
recapture clause
1. A contract provision that limits prices or allows for the recovery of goods if market conditions greatly differ from what the contract anticipated. 2. A commercial-lease provision that grants the landlord both a percentage of the tenant's profits above a fixed amount of rent and the right to terminate the lease - and thus recapture the property - if those profits are too low.