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Mandate
(redirected from mandatory)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia 0.02 sec.
mandate
1. Politics the support or commission given to a government and its policies or an elected representative and his policies through an electoral victory
2. (formerly) any of the territories under the trusteeship of the League of Nations administered by one of its member states
3. 
a. Roman law a contract by which one person commissions another to act for him gratuitously and the other accepts the commission
b. Contract law a contract of bailment under which the party entrusted with goods undertakes to perform gratuitously some service in respect of such goods
c. Scots law a contract by which a person is engaged to act in the management of the affairs of another

Mandate 

authorization, commission. The term “mandate” also refers to a document that confirms a particular person’s authority (for example, the mandate of a deputy). The term originated in Roman law to signify a contract of agency.

In international law at the time of the founding of the League of Nations the term “mandate” meant the authority given to a particular state to govern parts of Turkish possessions or former German colonies in the name of the League.



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Ithmaar Bank chairman Khalid Abdulla Janahi announced that the bank intends, as part of its capital-raising exercise, to offer a rights issue and launch a five-year mandatory convertible sukuk, the Islamic equivalent of mandatory convertible bond issue.
18 (BNA) -- ITHMAAR BANK PLANS TO RAISE UP TO 500 MILLION DOLLARS THROUGH A COMBINATION OF A RIGHTS ISSUE, A MANDATORY CONVERTIBLE SUKUK AND AN EQUITY LINE OF CREDIT, OFFICIALS ANNOUNCED YESTERDAY AND PUBLISHED BY THE GULF DAILY NEWS.
Through a combination of a rights issue, a mandatory convertible sukuk and an equity line of credit, the Islamic lender is to boost its liquidity position, said chairman Khalid Abdulla Janahi.
 
 
 
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