Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Resurrender
n. Hist. The return of a copyhold estate to a mortgagor by the mortgagee after the debt has been repaid. See SURRENDER OF COPYHOLD.
Surrender
n. 1. The act of yielding to another's power or control. 2. The giving up of a right or claim; RELEASE (1). 3. The return of an estate to the person who has a reversion or remainder, so as to merge the estate into a larger estate. 4. Commercial law. The delivery of an instrument so that the delivery releases the deliverer from all liability. 5. A tenant's relinquishment of possession before the lease has expired, allowing the landlord to take possession and treat the lease as terminated. - surrender, ub.
Surrenderer
See SURRENDEROR.
Surrenderor
One who surrenders; esp., one who yields up a copyhold estate for conveyance. - Also spelled surrenderer. See COPYHOLD.
cash surrender value
Insurance. The amount of money payable when an insurance policy having cash value, such as a whole-life policy, is redeemed before maturity or death. - Abbr. CSV. - Also termed surrender value.
surrender by bail
A surety's delivery of a prisoner, who had been released on bail, into custody.
surrender by operation of law
An act that is an equivalent to an agreement by a tenant to abandon property and the landlord to resume possession, as when the parties perform an act so inconsistent with the landlord-tenant relationship that surrender is presumed, or when a tenant performs some act that would not be valid if the estate continued to exist. .
surrender of a criminal
An officer's delivery of a prisoner to the authorities in the appropriate jurisdiction. See EXTRADITION; RENDITION.
surrender of a preference
Bankruptcy. The yielding of a voidable conveyance, transfer, assignment, or encumbrance by a creditor to the trustee as a condition of allowing the creditor's claim.
surrender of charter
Corporations. The dissolution of a corporation by a formal yielding of its charter to the state under which it was created and the subsequent acceptance of that charter by the state. "The surrender of a charter can be made only by some formal, solemn act of the corporation, and will be of no avail until accepted by the government. There must be the same agreement of the parties to dissolve that there was to form the compact. It is the acceptance which gives efficacy to the surrender. Consent of the state is sometimes given by general statute." 19 Am. Jur. 2d Corporations ยง 2738, at 546 (1986).
surrender of copyhold
Hist. The transfer by a tenant of a copyhold estate by yielding it to the lord in trust for the transferee according to the terms in the surrender. ( In normal practice, the tenant went to the steward of the manor and delivered a rod, a glove, or other customary symbol, thereby conveying to the lord (through the steward) all interest and title to the estate, in trust, to be then granted by the lord to the transferee. See COPYHOLD.
surrender to uses of will
Hist. A required yielding of a copyhold interest passed by will to the will's uses. ( The requirement was abolished by St. 55 Geo. 3, ch. 192.
surrender value
See cash surrender value under VALUE.
surrender value.
See cash surrender value. true value. See fair market value.
surrenderee
One to whom a surrender is made. See SURRENDER.