Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Commodity Futures Trading Commission
A federal agency that supervises the trading of commodity futures and commodity options. -Abbr. CFTC.
Trading
The business of buying and selling, esp. of commodities and securities.
day trading
The act or practice of buying and selling stock shares or other securities on the same day, esp. over the Internet, usu. for the purpose of making a quick profit on the difference between the buying price and the selling price.
futures trading.
The buying and selling of futures contracts, usu. on formal exchanges. future use. See contingent use under USE (4)
insider trading
The use of material, nonpublic information in trading the shares of a company by a corporate insider or other person who owes a fiduciary duty to the company. ( This is the classic definition. The Supreme Court has also approved a broader definition, known as the "misappropriation theory": the deceitful acquisition and misuse of information that properly belongs to persons to whom one owes a duty. Thus, under the misappropriation theory, it is insider trading for a lawyer to trade in the stock of XYZ Corp. after learning that a client of the lawyer's firm. is planning a takeover of XYZ. But under the classic defmition, that is not insider trading because the lawyer owed no duty to XYZ itself. - Also termed insider dealing.
mean trading price
Securities. The average of the daily trading price of a security determined at the close of the market each day during a 90-day period.
nontrading partnership
. A partnership that does not buy and sell but instead is a partnership of employment or occupation. -Also termed noncommercial partnership.
program trading
A form of computerized securities trading that usu. involves buying or selling large amounts of stocks while simultaneously selling or buying index futures in offsetting amounts. progressive tax. See TAX.
secondary trading
See TRADING.
separate trading of registered interest and principal of securities
A treasury security by which the owner receives either principal or interest, but usu. not both. - Abbr. STRIP. separate trial See TRIAL.
short-term trading
Investment in securities only to hold them long enough to profit from market-price fluctuations.
suspension of trading
The temporary cessation of all trading of a particular stock on a stock exchange because of some abnormal market condition.
trading corporation
A corporation whose business involves the buying and selling of goods.
trading partnership
A partnership whose usual business involves buying and selling. -Also termed commercial partnership.
trading voyage
A voyage that contemplates a vessel's touching and stopping at various ports to traffic in, buy and sell, or exchange commodities on the owners' and shippers' account.
trading with the enemy
The federal offense of carrying on commerce with a nation or with a subject or ally of a nation with which the United States is at war.