Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Accounting Series Release
A bulletin providing the Securities and Exchange Commission's requirements for accounting and auditing procedures to be followed in reports filed with that gency. - Abbr. ASR.
Release
n. 1. Liberation from an obligation, duty, or demand; the act of giving up a right or claim to the person against whom it could have been enforced <the employee asked for a release from the noncompete agreement>. -Also termed discharge; surrender. 2. The relinquishment or concession of a right, title, or claim. 3. A written discharge, acquittance, or receipt <Jones signed the release before accepting the cash from Hawkins>. 4. A written authorization or permission for publication <the newspaper obtained a release from the witness before printing his picture on the front page>. b. The act of conveying an estate or right to another, or of legally disposing of it <the release of the easement on February 14>. 6. A deed or document effecting a conveyance <the legal description in the release was defective. See deed of release under DEED. 7. The action of freeing or the fact of being freed from restraint or confinement < he became a model citizen after his release from prison>. 8. A document giving formal discharge from custody <after the sheriff signed the release, the prisoner was free to go>. - release, ub.
Releasee
1. One who is released, either physically or by contractual discharge. 2. One to whom an estate is released.
conditional release
1. A discharge from an obligation based on some condition, the failure of which defeats the release. 2. An early discharge of a prison inmate, who is then subject to the rules and regulations of parole.
deed of release
A deed that surrenders full title to a piece of property upon payment or performance of specified conditions.
indeterminate conditional release
A type of release from prison granted upon the fulfillment of certain conditions. ( The release remains revocable if additional conditions are breached.
lease and release
Hist. A method of transferring seisin without livery, whereby the owner and the transferee would enter into a lease for a term of years, to take effect only when the transferee entered the property, whereupon the owner would release all interest in the property to the transferee by written instrument. 0 Once the transferee owned both the term and the freehold interest, the two interests would merge to form one estate in fee simple. This lease-and-release procedure was fully acceptable to the courts, on the theory that livery of seisin to one already occupying the land was unnecessary.
partial release
See RELEASE.
plea of release
A plea that admits the claim but sets forth a written discharge executed by a party authorized to release the claim. See RELEASE (2).
release clause
Real estate. 1. A blanket-mortgage provision that enables the mortgagor to obtain a partial release of a specific parcel of land from the mortgage upon paying more than the pro rata portion of the loan. ( Mortgagees commonly include a clause that disallows a partial release if the mortgagor is in default on any part of the mortgage. 2. A purchase-agreement provision that allows a seller who has accepted an offer containing a contingency to continue to market the property and accept other offers. ( If the seller accepts another buyer's offer, the original buyer typically has a specified time (such as 72 hours) to waive the contingency (such as the sale of the buyer's present house) or to release the seller from the agreement.
release deed
A deed that is issued once a mortgage has been discharged, explicitly releasing and reconveying to the mortgagor the entire interest conveyed by an earlier deed of trust.
release of mortgage
A written document that discharges a mortgage upon full payment by the borrower and that is publicly recorded to show that the borrower has full equity in the property.
release on recognizance
The pretrial release of an arrested person who promises, usu. in writing but without supplying a surety or posting bond, to appear for trial at a later date. -Also termed release on own recognizance. -Abbr. ROR.
release to uses.
Conveyance of property, by deed of release, by one party to a second party for the use of the first party or a third party. See deed of release under DEED; STATUTE OF USES.
statutory release
Hist. A conveyance superseding the compound assurance by lease and release, created by the Conveyance by Release Without Lease Act of 1841 (St. 4 & 5 Vict., ch. 21).
study release
A program that allows a prisoner to be released for a few hours at a time attend classes at a nearby college or technical institution. - Also termed study furlough
work-release program.
A correctional program allowing a prison inmate - primarily one being readied for discharge - to hold a job outside prison. - Also termed work-furlough program. See HALFWAY HOUSE.