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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 ?
Sean Starbuck, FBU national officer, said firefighters are increasingly called out to suicides and other medical emergencies, which can be traumatic for first responders.
As of mid-December Newsar had been called out 53 times, the majority of which were to hunt for missing people.
Lothian and Borders firefighters were called out to more than 250 grass and forest fires.
New figures from the British Pest Control Association (BPCA) show how many times local councils were called out to deal with pests - and which specific pests were most common in each area.
FIGURES released by police show officers were called out more than 6,000 times to just a handful of Coventry locations during an 18 month period.
Birds were the next most common animal to dice with death as firefighters were called out to help the RSPCA rescue one on a chimney in Abergele which had a fishing hook through its beak, and another in St Asaph which was stuck on an aerial with a line around its throat.
THE Fire brigade is called out every 90 minutes to false fire alarms sparked by faulty equipment or burnt toast.