Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Council of Economic Advisors
A select group of economists who advise the U.S. President on economic issues. - Abbr. CEA.
Investment Advisors Act
A federal statute -administered by the Securities and Exchange Commission - that regulates investment advisers. 15 USCA ยงยง 80b-1 et seq.
Sessorship,n, asset.
1. An item that is owned and has value. 2.(pl.) The entries on a balance sheet showing the items of property owned, including cash, inventory, equipment, real estate, accounts receivable, and goodwill. 3. (pl.) All the property of a person (esp. A bankrupt or deceased person) available for paying debts.
Sors
n. [Latin] 1. Roman law. A lot; a chance. 2. Scots law. A partnership's capital. 3. Hist. Principal, as distinguished from interest. 4. Hist. Something recovered in an action, as distinguished from mere costs.
concurrent tortfeasors
See TORTFEASOR.
consecutive tortfeasors
Two or more tortfeasors whose actions, while occurring at different times, combine to cause a single injury to a third party. * Such tortfeasors are jointly and severally liable.
joint tortfeasors
Two or more tortfeasors who contributed to the claimant's injury and who may be joined as defendants in the same lawsuit. See joint and several liability under LIABILITY.
successive tortfeasors
Two or more tortfeasors whose negligence occurs at different times and causes different injuries to the same third party.