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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 ?
KINGS MEASURE (4.15) was a bitter disappointment at Sandown but, if he's back on song, can call the tune over L'Opera.
Her trainer is no stranger to overseeing multiple winners and she can call the tune one more time here under a penalty.
Hereford continued to call the tune, especially after the break, but it was that man Taylor who stopped the fine efforts of Stoker and Brough from giving Hereford victory.
McGinn and Mike Gar-rity had helped Runcorn call the tune before the break and and they could have been at least two goals up with two strong penalty claims refused and other good chances missed.
Neil, a pupil at Lochaber High, said: "People usually pay the piper to call the tune. That was the biggest payment I've ever had for NOT playing my pipes!"
L!ve TV's Dog Night will be there to cover all the action and also at Wimbledon where Another Looney can call the tune in the 9.15.
But the industry's underwriters - the men who call the tune - are starting to demand that there is an increase in premiums to cover the rise in pay-outs.
HOT motor racing prospect Gavin Pyper is ready to call the tune in the Formula Vauxhall Junior Winter Series.