Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
First Lord of the Treasury
English law. The chief officer in charge of the treasury. ( Today, this position is held by the Prime Minister.
Register of the Treasury.
An officer of the U.S. Treasury whose duty is to keep accounts of receipts and expenditures of public money, to record public debts, to preserve adjusted accounts with vouchers and certificates, to record warrants drawn on the Treasury, to sign and issue government securities, and to supervise the registry of vessels under federal law. 31 USCA ยง 161.
Treasury
1. A place or building in which stores of wealth are kept; esp., a place where public revenues are deposited and kept and from which money is disbursed to defray government expenses. 2. (cap.) TREASURY DEPARTMENT.
Treasury Bench
In the British House of Commons, the first row of seats on the right hand of the speaker. ( The Treasury Bench is occupied by the First Lord of the Treasury or principal minister of the Crown.
Treasury Department
A federal department - created by Congress in 1789 - whose duties include formulating and recommending financial, tax, and fiscal policies, serving as the federal government's financial agent, and manufacturing coins and currency.
Treasury Regulation
A regulation promulgated by the U.S. Treasury Department to explain or interpret a section of the Internal Revenue Code. ( Treasury Regulations are binding on all taxpayers. - Abbr. Treas. Reg.
Treasury bill
A short-term debt security issued by the federal government, with a maturity of 13, 26, or 52 weeks. ( These bills - auctioned weekly or quarterly - pay interest in the form of the difference between their discounted purchase price and their par value at maturity. -Abbr. T-bill.
Treasury bond
A long-term debt security issued by the federal government, with a maturity of 10 to 30 years. 0 These bonds are considered risk-free, but they usu. pay relatively little interest. - Abbr. T-bond.
Treasury note
An intermediate-term debt security issued by the federal government, with a maturity of two to ten years. ( These notes are considered risk-free, but they usu. pay relatively little interest. - Abbr. T-note.
Treasury, First Lord
See FIRST LORD OF THE TREASURY.
treasury certificate
An obligation of the federal government maturing in one year and on which interest is paid on a coupon basis.
treasury note
See TREASURY NOTE.
treasury security
See treasury stock under STOCK.
treasury security.
See treasury stock under STOCK.
treasury share
See treasury stock under STOCK.
treasury stock
Stock issued by a company but then reacquired and either canceled or held. ( Some states have eliminated this classification and treat such stock as if it is authorized but unissued. - Also termed treasury security; reacquired stock; retired stock.
treasury warrant
An order in the form of a check on which government disbursements are paid. 3. An order by which a drawer authorizes someone to pay a particular sum of money to another.