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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 ?
"And they love that their personal details, including their email address, isn't displayed on the site or made available to people responding to the call outs," she said.
Firefighters were also shouted at on call outs in Radford, Coundon and Wainbody Wood.
Crews from the base in Barnstaple, in Devon, travelled an average of 33 nautical miles to call outs, with incidents requiring an average of one hour and two minutes of flying time.
Commandant Gavin Young of the Defence Forces said: "Not all of the call outs would be for devices left by criminals."
Tyre problemswere second at 9.1 per cent with lost or broken keys third, causing 3.2 per cent of call outs. Alternator, spark plug and starter motor woes were also high on the list.
"Normally we're dealing with around 150 call outs at this time of year.
Peter says there are roughly a dozen call outs every year to assist drivers whose vehicles get stuck on the beach.
In 2015 the brigade has responded to 59 initial response team call outs and three backup response team call outs so far.
-entry JUST a small handful of Coventry locations accounted for an incredible 6,000 police call outs over an 18-month period, the Telegraph can reveal.