Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Sound
ub. 1. To be actionable (in) <her claims for physical injury sound in tort, not in contract. 2. To be recoverable (in) <his tort action sounds in damages, not in equitable relief .
Unsound
adj. 1. Not healthy; esp., not mentally well <unsound mind>. 2. Not firmly made; impaired <unsound foundation>. 3. Not valid or well founded <unsound argument>.
actuarially sound retirement system a re-
tirement plan that contains sufficient funds pay future obligations, as by receiving contribi tions from employees and the employer to 1; invested in accounts to pay future benefits. NONACTUARIALLY SOUND RETIREMENT SYSTEM.
nonactuarially sound retirement system
A retirement plan that uses current contributions and assets to pay current benefit obligations, instead of investing contributions to pay future benefits. Cf. ACTUARIALLY SOUND RETIREMENT SYSTEM.
sound health
Insurance. A policy applicant's good condition; a state of health characterized by a lack of grave impairment or disease, or of any ailment that seriously affects the applicant's health.