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Call |
Definition - Transitive Verb 1 : to announce or recite loudly <~
ed the civil trial list>
2 : to admit (a person) as a barrister <was ~
ed to the bar>
3 : to demand payment of esp. by formal notice <~ a loan>
4 : to demand presentation of (as a bond or option) for redemption
A security issuer may call a security only if calling it is previously provided for, as, for example, in the indenture for a bond or in the stock agreement for preferred stock. The issuer usu. pays the holder a premium for a called security.
Definition - Noun 1 : a demand for payment of money: as
a : a notice by the U.S. Treasury to depositories to transfer part of its deposit balance to the Federal Reserve bank
b : a notice to a stockholder or subscriber to pay an assessment or an installment of subscription to capital
2 : See also
call option 3 a : a formal announcement or recitation <the daily ~ of the motion calendar>
b : See also
roll call<the speaker ordered a ~ of the house>
Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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