Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
distributive
adj. Of or relating to apportioning, dividing, and assigning in separate items or shares: of or relating to distributing.
distributive clause
A will or trust provision governing the distribution of income and gifts.
distributive deviation
A trustee's transfer of principal to the income beneficiaries when the income is inadequate to carry out the settlor's scheme of distribution, and without the permission of a remainderman who owns a future interest in the principal. 0 This practice is usu. impermissible except when life income beneficiaries need the money to buy necessaries.
distributive finding
A jury's decision partly in favor of one party and partly in favor of another.
distributive justice
Justice owed by a community to its members, including the fair disbursement of common advantages and sharing of common burdens.
distributive share
1. The share that an heir or beneficiary receives from the legal distribution of an estate. 2. The portion (as determined in the partnership agreement) of a partnership's income, gain, loss, or deduction that is passed through to a partner and reported on the partner's tax return. 3. The share of assets or liabilities that a partner or partner's estate acquires after the partnership has been dissolved.