Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
phantom stock
Imaginary stock that is credited- to a corporate executive account as part of the executive's compensation package. See PHANTOM STOCK PLAN.
phantom stock plan
A long-term benefit plan under which a corporate employee is given units having the same characteristics as the employer's stock shares. ( It is termed a "phantom" plan because the employee doesn't actually hold any shares but instead holds the right to the value of those shares. - Also termed shadow stock plan.