Allotment certificate
What does Allotment certificate mean in American Law?
The definition of Allotment certificate in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A document issued to a person who has subscribed for securities of a corporation, stating the amount to which he is entitled, the price to be paid, the payment and delivery schedule, etc. It is a contract binding on both parties.
Meaning of Allotment Certificate
In this law dictionary, the legal term allotment certificate is a kind of the Securities class.
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