CALL
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.
