Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

alternate

valuation date. tax law. the date six months after a decedent's death. ( generally, the estate can elect to appraise the decedent's property either on the date of the decedent's death or on the alternate valuation date. see basis.

alternate legacy

A legacy by which the testator gives the legatee a choice of one of two or more items.