Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Underwriting
n. 1. The act of assuming a risk by insuring it; the insurance of life or property. See INSURANCE. 2. The act of agreeing to buy all or part of a new issue of securities to be offered for public sale. - underwrite, vb.
Writing
n. Any intentional recording of words in a visual form, whether in the form of handwriting, printing, typewriting, or any other tangible form.
ancient writing
see ancient document under document.
best-efforts underwriting
Underwriting in which an investment banker agrees to direct, but not guarantee, the public sale of the issuer's securities. ( The underwriter, or selling group, sells the securities as agent for the issuer, and any unsold securities are never issued.
best-efforts underwriting.
See UNDERWRITING,
brief-writing
The art or practice of preparing legal briefs. Also termed brief-making. "If money has been corruptly paid and corruptly received, for the purpose of influencing official action, do we have one crime of which two are guilty, or two different crimes? No uniform answer is possible under existing statutes. Under some of the provisions bribery is one offense and references to (1) giving or offering a bribe, or (2) to receiving or soliciting a bribe, are merely factual statements in regard to the guilt of one party or the other. Under another plan 'bribery' is employed as a generic term to cover two different offenses: (1) giving or offering a bribe, and (2) receiving or soliciting a bribe. A third plan uses the word 'bribery' to indicate the offense of the briber and 'receiving a bribe' for the other side of the transaction." Rollin M. Perkins & Ronald N. Boyce, Cr
firm-commitment underwriting
Underwriting in which the underwriter agrees to buy all the shares to be issued and remain financially responsible for any securities not purchased. ( The underwriter, or underwriting group, buys the securities from the issuer and resells them as principal. In this type of underwriting, securities that cannot be sold to the public are owned by the underwriter, and the issuer is paid for those securities as well as the others.
handwriting.
Evidence. 1. A person's chirography; the cast or form of writing peculiar to a person, including the size, shape, and style of letters, and whatever gives individuality to one's writing. 2. Something written by hand; a writing specimen. ( Non expert opinion about the genuineness of handwriting, based on familiarity not acquired for litigation purposes, can authenticate a document. Fed. R. Evid. 901(b)(2).
integrated writing
See integrated contract under CONTRACT.
original-writing rule
See BEST-EVIDENCE RULE.
standby underwriting
Underwriting in which the underwriter agrees, for a fee, to buy from the issuer any unsold shares remaining after the public offering. - Also termed strict underwriting.
standby underwriting agreement
See STANDBY COMMITMENT.
strict underwriting
See standby underwriting under UNDERWRITING.
underwriting agreement
an agreement between a corporation and an underwriter covering the terms and conditions of a new securities issue.
underwriting spread
See SPREAD,
writing obligatory
n. A bond; a written obligation, as technically described in a pleading.