Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Senior
adj. 1. (Of a debt, etc.) first; preferred, as over junior obligations. 2. (Of a person) older than someone else. 3. (Of a person) higher in rank or service. 4. (Of a man) elder, as distinguished from the man's son who has the same name.
dovetail seniority
The combination of seniority lists from merging companies into one list that allows employees to keep their premerger seniority.
senior counsel
1 See lead counsel. 2. See KING'S COUNSEL; QUEEN'S COUNSEL.
senior interest
See INTEREST (2)
senior interest.
An interest that takes precedence over others; esp., a debt security or preferred share that has a higher claim on a corporation's assets and earnings than that of a junior obligation or common share.
senior judge
1. The judge who has served for the longest time on a given court. 2. A federal judge who qualifies for senior status and chooses this status over retirement.
senior lien
See LIEN.
senior mortgage
A mortgage that has priority over another mortgage (a junior mortgage) on the same property.
senior partner
See PARTNER.
senior security
A security of a class having priority over another class as to the distribution of assets or the payment of dividends. 15 USCA ยง 77r(d)(4).
senior status
The employment condition of a judge who, having taken semiretirement, continues to perform certain judicial duties that the judge is willing and able to undertake.
seniority
1. The preferential status, privileges, or rights given an employee based on the employee's length of service with an employer. ( Employees with seniority may receive additional or enhanced benefit packages and obtain competitive advantages over fellow employees in layoff and promotional decisions. 2. The status of being older or senior.
seniority system
Employment law. Any arrangement that recognizes length of service in making decisions about job layoffs and promotions or other advancements.