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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 ?
NLEX, Guiao's mother team in the PBA, approved the request of Rain or Shine to call the shots in the Jakarta-Palembang Asian Games on August 18 to September 2 in Indonesia.
But while Florida's marriage law allowed Schiavo to call the shots, in most cases the situation really has little to do with marriage, says Thompson.
His manager, Les Bonano, said: "He said Tyson doesn't call the shots and tell him when he's going to fight and when he ain't going to fight."
The oppressive Taliban regime in Afghanistan has been replaced by an interim government composed of terrorists from the Russian- and Iranian-backed Northern Alliance, leaving the Moscow strategists to call the shots in Kabul, but in a more covert fashion than during their previous military occupation of the country.
THOSE Christmas You Call The Shots tips in full: 1) For a great view of a city, go to its tallest building.
When it comes to getting their own way, these days kids call the shots. A new generation of savvy children are developing increasingly sophisticated methods to get what they want.
CALL THE SHOTS is fancied to win the Butterwick Handicap Chase (3.10) at Sedgefield this afternoon, writes Colin Russell.
Administrations come and go in Canada's westernmost province - the latest being "social democrats" - but Macmilland-Bloedel (known reverently as Macblo) continues to call the shots.
The architect behind University of Santo Tomas' four-year reign in the UAAP back in the 90s, Del Rosario, 78, has put his retirement plans on the back burner for the nth time after being tasked to call the shots for the Paranaque Patriots.
In a statement released Monday, Asia's oldest university welcomed the 'well-accomplished coach' Ayo, who will reportedly call the shots for the Growling Tigers in the next six years.
"Paul Scholes retired a few years ago because he was fed up with the kind of circus behind England, with certain players trying to call the shots. There may be other reasons why they don't like it - a lot of players may have family problems and they don't want the sacrifice of going away on long trips.
KEY ROLE: Stacey Jones could call the shots for Catalans Dragons