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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 how will China's growing influence in Latin America affect our hemisphere?" In short order, if present trends continue, "we will be dealing with China calling the shots in our backyard."
CALLING THE SHOTS: Jack Van Spall pictured with some of his own animated characters.
"But so far, more conservative elements are calling the shots."
With Bruce Springsteen's music calling the shots, Malashock created Point Blank and Carryin' a Friend, featuring Dunsizer, Peter Kalivas, and Christopher Morgan.
Emotionally, he doesn't know what he wants, and his wife could end up calling the shots.
Jimwell Gican is still the team's head coach, but the position has long been in dispute with Nosa Omorogbe also calling the shots for a handful of games last season.
And Redknapp has questioned who exactly was calling the shots in the transfer window with Spurs looking to be struggling without Gareth Bale.
But since Danish beauty Helena Christensen switched to a career in photography, it's now her calling the shots.
He is more used to calling the shots than the numbers.
Bush, is another Establishment's man, and that, as president, he would take his cue from the same shadowy cabal of globalists that has been calling the shots for decades.