(xv) definition

(xv) . VAT" Value Added Tax chargeable under English law for the current time and any similar additional tax - subject to governmental change. XVI "Year" The annual period ending in the anniversary of the Quotation signed date.
(xv) . Probate Judge' means the President of the Family Division of the High Court
(xv)  minimum wages” means minimum rates of wages announced, declared, adopted or notified by Government from time to time which shall include the basic pay and statutory allowances that is to say cost of living allowance, dearness allowance and adhoc relief.”

More Definitions of (xv)

(xv) . Income-tax Officer" means a person appointed to be an Income-tax Officer under the Income-tax Act;’
(xv) . Funeral director" means a person who assumes the responsibility for the operations of a particular funeral establishment or multiple funeral establishments, who ensures that the establishment complies with this chapter and all other laws under which the funeral establishment is operated, who is permitted by law to perform funeral directing and who:
(xv) . Business Day/Dealing Day” means a day (such business hours thereof) when Banks and Stock Exchanges are open for business in Pakistan and such hours for which Management Company is open for business.”
(xv) . DISCOUNT MULTIPLIER" has the meaning set forth in Section 3.1(a).
(xv) . Expenditure incurred’ means the fund, whether the equity or debt or both, actually deployed and paid in cash or cash equivalent, for creation or acquisition of a useful asset and does not include commitments or liabilities for which no payment has been released;” (Emphasis added)
(xv) . Test Period " means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Collection Agent ending on or prior to such date (d)
(xv) . Expenditure incurred’ means the fund, whether the equity or debt or both, actually deployed and paid in cash or cash equivalent, for creation