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>



Search Legal Dictionary


Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com
Merriam-Webster

intrinsic fraud

fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud


Terms & Conditions   Privacy   Copyright © 2008 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.