Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Arrestando ipsum qui pecuniam receipt
see de arrestando ipsum qui pecuniam recepit.
Receipt
n. 1. The act of receiving something < my receipt of the document was delayed by two days>. 2. A written acknowledgment that something has been received <keep the receipt for the gift>.
accountable receipt
A receipt coupled with an obligation.
american depository receipt.
a receipt issued by an american bank as a substitute for stock shares in a foreign-based corporation. ( adrs are the most common method by which foreign companies secure american shareholders. companies that offer adrs maintain a stock listing in their domestic market in their domestic currency, while the adrs are held in u.s. dollars and listed on a u.s. stock exchange, usu. the new york stock exchange. - abbr. adr. -also termed american depositary receipt.
binding receipt.
See BINDER.
constructive-receipt doctrine
The rule that gross income under a taxpayer's control before it is actually received (such as accumulated interest income that has not been withdrawn) must be included by the taxpayer in gross income, unless the actual receipt is subject to significant constraints. IRCC (26 USCA) § 451.
de arrestando ipsum qui pecuniam receipt
n. [Law Latin "for the apprehension of one who took the king's money"] Hist. A writ ordering the arrest of a person who took the king's money for war service, and then hid to keep from serving.
dock receipt
An interim certificate issued by a maritime shipping company for the delivery of goods at the dock. o A dock receipt entitles the designated person to receive a bill of lading. -Also termed dock warrant. See DOCUMENT OF TITLE.
final receiver's receipt
The government's acknowledgment that it has received full payment from a person for public land, that it holds the legal title in trust for the person, and that it will in due course issue the person a land patent.
gross receipts.
Tax. The total amount of money or other consideration received by a business taxpayer for goods sold or services performed in a year, before deductions. IRC (26 USCA) § 448.
gross-receipts tax.
See gross-income tax under TAX.
interim receipt
The written acknowledgment of a premium paid on an insurance policy that is pending final approval.
loan-receipt agreement
Torts. A settlement agreement by which the defendant lends money to the plaintiff interest-free, the plaintiff not being obligated to repay the loan unless he or she recovers money from other tortfeasors responsible for the same injury.
receipt, ub
1. To acknowledge in writing the receipt of (something, esp. money) <the bill must be receipted>. 2. To give a receipt for (something, esp. money) <the bookkeeper receipted the payments>.
receiptor
A person who receives from a sheriff another's property seized in garnishment and agrees to return the property upon demand or execution.
trust receipt
1. A pre-UCC security device -now governed by Article 9 of the Code -consisting of a receipt stating that the wholesale buyer has possession of the goods for the benefit of the financier. ( Today there must usu. be a security agreement coupled with a filed financing statement. 2. A method of financing commercial transactions by which title passes directly from the manufacturer or seller to a banker or lender, who as owner delivers the goods to the dealer on whose behalf the banker or lender is acting, and to whom title ultimately goes when the banker's or lender's primary right has been satisfied. trust res(reez or rays) See CORPUS (2)
warehouse receipt
See WAREHOUSE RECEIPT. 3. (usu. pl.) Something received; INCOME <post the daily receipts in the ledger>.