Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Pyramid distribution plan
See PYRAMID SCHEME.
Redistribution
The act or process of distributing something again or anew <redistribution of wealth>.
capital-gain distribution
See capital-gain dividend under DIVIDEND.
controlled-securities-offering distribution
See securities-offering distribution (1).
controlled-securities-offering distribution.
see securities-offering distribution under distribution.
corporate distribution
A corporation's direct or indirect transfer of money or other property, or incurring of indebtedness to or for the benefit of its shareholders, such as a dividend payment out of current or past earnings.
decree of distribution
n instrument by which heirs receive the property of a deceased person.
deed of distribution
A fiduciary's deed conveying a decedent's real estate.
distribution
n. 1. At common law, the passing of personal property to an intestate decedent's heirs. Cf. DESCENT (1). 2. The act or process of apportioning or giving out. - distribute, ub.
distribution cost.
Any cost incurred in marketing a product or service, such as advertising, storage, and shipping.
distribution in kind
A transfer of property in its original state, such as a distribution of land instead of the proceeds of its sale.
distribution in liquidation
See liquidating distribution under DISTRIBUTION.
distribution right
Copyright. A copyright holder's exclusive right to sell, lease, or otherwise transfer copies of the protected work to the public. See FIRST-SALE DOCTRINE.
equitable distribution
Family law. The division of marital property by a court in a divorce proceeding, under statutory guidelines that provide for a fair, but not necessarily equal, allocation of the property between the spouses. ( The court can take into account a variety of factors, including the relative earning capacity of the spouses and (in a state that does not allow for no-fault divorce) the fault of either of the spouses. Equitable distribution is applied in 41 states (i.e., all the states that do not have a community-property system). - Also termed equitable division.
ex distribution
Without distribution. ( Shares are traded ex distribution when they no longer carry the right to receive a distribution to be made to holders. - Abbr. X; XDIS.
liquidating distribution
A distribution of trade or business assets by a dissolving corporation or partnership. - Also termed distribution in liquidation.
nonliquidating distribution
See DISTRIBUTION.
partnership distribution
A partnership's payment of cash or property to a partner out of earnings or as an advance against future earnings, or a payment of the partners' capital in partial or complete liquidation of the partner's interest.
partnership distribution.
See DISTRIBUTION
probate distribution
See DISTRIBUTION.
secondary distribution
1. The public sale of a large block of previously issued stock. -Also termed secondary offering. See OFFERING. 2. The sale of a large block of stock after the close of the exchange.
securities-offering distribution
1. An issuer's public offering of securities through a formal underwriting agreement with a broker-dealer. - Also termed controlled-securities-offering distribution. 2. An issuer's public offering of securities on an informal basis, with or without brokers. - Also termed uncontrolled-securities-offering distribution.
statute of distribution
A state law regulating the distribution of an estate among an intestate's heirs and relatives.
tableau of distribution
Civil law. A list of creditors of an insolvent estate, stating what each is entitled to.
taxable distribution
A generation-skipping transfer from a trust to the beneficiary (i.e., the skip person) that is neither a direct skip nor a taxable termination. See GENERATION-SHIPPING TRANSFER; generation-skipping transfer tax under TAX; generation-skipping trust under TRUST; SKIP PERSON.
trust distribution
The cash or other property paid or credited to a trust beneficiary.
uncontrolled-securities-offering distribution
See securities-offering distribution under DISTRIBUTION.