Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Intermediary bank
a bank to which an item is transferred in the course of collection, even though the bank is not the depositary or payor bank. Ucc § 4-105(4).
financial intermediary
A financial entity -usu. a commercial bank - that advances the transfer of funds between borrowers and lenders, buyers and sellers, and investors and savers.
informed intermediary
Products liability. A person who is in the chain of distribution from the manufacturer to the consumer and who knows the risks of the product. - Also termed learned intermediary.
informed intermediary.
See INTERMEDIARY.
intermediary
n. A mediator or go-between; a third-party negotiator. -intermediate (in-tar-mee-dee-ayt), vb. Cf. FINDER.
intermediary bank
See BANK.
learned intermediary
See informed intermediary under INTERMEDIARY.
learned-intermediary doctrine
The principle that a prescription-drug manufacturer fulfills its duty to warn of a drug's potentially harmful effects by informing the prescribing physician, rather than the end-user, of those effects.
market intermediary
Securities. A person whose business is to enter into transactions on both sides of the market. Investment Company Act, 15 USCA § 80a-3(c)(2)(B)tii.