Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
appraisal
n. 1. the determination of what constitutes a fair price; valuation; estimation of worth. 2. the report of such a determination. - also termed appraisement. - appraise, ub. cf. assessment (3).
appraisal clause
an insurance-policy provision allowing either the insurer or the insured to demand an independent estimation of a claimed loss.
appraisal remedy
the statutory right of corporate shareholders who oppose some extraordinary corporate action (such as a merger) to have their shares judicially appraised and to demand that the corporation buy back their shares at the appraised value. - also termed appraisal right; dissenters' right; right of dissent and appraisal.
appraisal trinity
the three most commonly accepted methods of appraising real property: the market approach, the cost approach, and the income approach. see market approach; cost approach; income approach.
dissent and appraisal, right of
See APPRAISAL REMEDY.
mass-appraisal method
A technique for valuing large areas of land by studying market data to determine the price that similar property would sell for, without engaging in a parcel-byparcel analysis. mass asset. See ASSET. mass layoff. See LAYOFF
right of dissent and appraisal
See APPRAISAL REMEDY.