Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Benefice d'inventaire
[french] benefit of inventory.
Crimen falsi dicitur, cum quis illicitus, cui non fuerit ad hoea data auctoritas, de sigillo regis rapto vel invento brevia cartasve consignaverit
It is called "crimen falsi" when anyone to whom power has not been given for such purposes has illicitly signed writs or grants with the king's seal, either stolen or found.
Invention
n. 1. A patentable device or process created through independent effort and characterized by an extraordinary degree of skill or ingenuity; a newly discovered art or operation. ( Invention embraces the concept of nonobviousness. 2. The act or process of creating such a device or process. 3. Generally, anything that is created or devised. - invent, ubinvention' is any art, machine, manufacture, design, or composition of matter, or any new and useful improvement thereof, or any variety of plant, which is or inay be patentable under the patent laws. [37 CFR501.3(d).]" 60 Am. Jur. 2d Patents ยง 894, at 60
Inventory
n. 1. A detailed list of assets <make an inventory of the estate>. 2. Accounting. The portion of a financial statement reflecting the value of a business's raw materials, works-inprogress, and finished products <the company's reported inventory was suspiciously low>. 3. Raw materials or goods in stock <the dealership held a sale to clear out its October inventory. 4. Bankruptcy. Personal property leased or furnished, held for sale or lease, or to be furnished under a contract for service; raw materials, work in process, or materials used or consumed in a business, including farm prodicts such as crops or livestock <the debtor was ound to have inventory that was valued at x;,300,000>. - inventory, ub. "Section 547 itself defines inventory' and receivable.' Do not use the U.C.C. definitions of these terms, or the definitions of them learned in business law classes. It is especially important to note that, for purposes of section 547, inventory' includes
Nihil simul inventum est et perfectum
Nothing is invented and perfected at the same moment.
beneficium inventarii
See BENEFIT OF INVENTORY.
benefit of inventory.
Civil law. The principle that an heir's liability for estate debts is limited to the value of what is inherited, if the heir so elects and files an inventory of the estate's assets. - Also termed benefice d'inventaire.
conception of invention
The formation in the inventor's mind of a definite and permanent idea of a complete invention that is thereafter applied in practice. ( Courts usu. consider conception when determining priority of invention.
invent
ub. To create (something) for the first time.
invented consideration
Fictional consideration created by a court to prevent the invalidation of a contract that lacks consideration.
inventio
[Latin] 1. Roman law. A thing found; a finding. 0 The finder of treasure either acquired title to the property or shared it with the landowner on whose land it was found. 2. TREASURE TROVE. Pl. inventiones.
inventory fee
A probate court's fee for services rendered to a decedent's estate.
inventory search
A complete search of an arrestee's person before being booked into jail. ( All possessions found are typically held in police custody.
inventory-turnover ratio
Accounting. The result of dividing the cost of goods by the average inventory. ( This calculation is used to determine the effectiveness of the company's inventory-management policy.
inventus
p.pl. [Latin] Found. This word appears in various phrases, such as thesaurus inuentus ("treasure trove") and non est inuentus ("he is not found").
non est inventus
[Latin "he is not found"] Hist. A statement in a sheriff's return indicating that the person ordered arrested could not be found in the sheriffsjurisdiction. - Abbr. n.e.i."If non est inuentus was returned to the bill, and the plaintiff had reason to think that the defendant was still in the same county, he might have another bill, and after that a third, and so on till the defendant was caught . . . . " 1 George Crompton, Practice Common-Placed: Rules and Cases of Practice in the Courts of King's Bench and Common Pleas xxxv (3d ed. 1787).
physical-inventory accounting method
See ACCOUNTING METHOD.
priority of invention
The determination that one among several patent applications, for substantially the same invention, should receive the patent when the Patent and Trademark Office has declared interference. ( This determination depends on the date of conception, the date of reduction to practice, and diligence.
same invention
Patents. 1. A second invention claiming the identical subject matter as a previous invention. 2. Within a reissue statute, the invention described in the original patent.
same-invention double patenting
See DOUBLE PATENTING (1).
secondary invention
Patents. An invention that uses or incorporates established elements or combinations to achieve a new and useful result.