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To convoke or summon by public announcement; to request the appearance and participation of several people—such as a call of a jury to serve, a roll call, a call of public election, or a call of names of the members of a legislative body.

In contract law, the demand for the payment of money according to the contract terms, usually by formal notice.

As applied to corporation law, the demand of the board of directors that subscribers pay an installment or portion of the amount that is still owed on shares that they have agreed to buy. A call price is the price paid by a corporation for the redemption of its own Securities.

In securities, a contract that gives a person the right to demand payment of a certain specified number of shares of stock at a stated price or upon a fixed date.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


n. the demand by a corporation that a stockholder pay an installment or assessment on shares already owned.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


1 a demand by a company on shareholders to pay all or part of the subscription price of the shares not already paid.
2 to admit, in the sense of a barrister being called to the BAR.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
Take control of the call back process by asking your prospect questions that encourage a commitment on when a follow-up call will occur.
As rumoured, a large amount of phone credit is deducted from customers' account if they try to call back certain incoming calls from an international number.
Call Back, also recorded at home, provides the answer.
on how to work the newly installed shower and I call back at 5:35--that woman will recommend me forever."
With Trimline all Gordy has is satisfied customers, and satisfied customers adds to G C Builders' bottom line because they aren't getting call backs on leakage issues.
This month, I answered the "call back home" to join my parents' trade publishing business in Milwaukee.
Users can also utilize a call-through feature requesting information or a call back from contact center staff.
But I didn't know who to call back to say I'd changed my mind!'
* Web callback systems that allow a CSR to call back a customer who asks for live help while browsing on the web.
Or perhaps it was one ring, hang up, call back? I pondered this for a while and then wrote a letter to him; it felt less presumptuous than a call, and I did not wish him to do something he did not want to do.