Legal Definition and Related Resources of Call
Meaning of Call
In commercial sense and in contracts it is a demand for payment . In the context of corporations, demand by a corporation made on the subscribers for shares to pay the unpaid portion of their subscription for the purchase of shares. With respect to securities a call is an option to buy securities. H. Kook & Co. v Scheinman Hochtin & Trotta, (C.A.2) 414 F.2d 93. A negotiable open contract which gives the bearer the right to buy from the promissor a specific number of shares of a specific class of stock on and for a certain agreed upon date. See Securities & exchange commission v Texas Gulf Sulphur Co., (C.A.2)401 F.2d833. As used in instruments of conveyance of real property , the term is a landmark used to signify a boundary of the described land. In bankruptcy law, the term has been used interchangeably with an assessment levied at the time the petition of bankruptcy is filed and which can give rise to a fixed indebtedness provided that the trustee in bankruptcy disclaims all interest in the stock. Brown v O”Keefe, 300 U.S. 598, 81 L. Ed. 827, 57 S. Ct. 543.
Call Alternative Definition
An official declaration by the proper corporate authorities that the whole or a specified part of the subscriptions to the capital stock is required to be paid. 156 111. App. 519. A call is an offer to sell property for some stated delivery, which, in consideration of a certain amount of money paid, is left open a certain length of time. 126 111. App. 186. The word call, as used by those dealing in commodities for future delivery, is the privilege of calling for or not calling for the thing bought. 160 111. 97. In Conveyancing. The designation In a survey of landmarks, courses, or distances is denominated a call. In Corporation Law. A demand or assessment by the corporation on the stockholders due on their stock for the purposes of the corporation. In the Parlance of Stock and Grain Exchanges. An option to purchase stock or grain from another on a certain day at a given price. The opposite transaction to a put (q.v.)
Financial Definition of Call
An option that gives the right to buy the underlying futures contract.
Synonyms of Call
(Appeal to), verb
- address a petition
- address a request
- address oneself to
- adjure
- appeal
- apply to
- ask
- ask for
- be a suppliant
- beg a favor
- beg leave
- beseech
- bespeak
- call for aid
- call for help
- call upon
- clamare
- cry
- cry to
- entreat
- impetrate
- implore
- importune
- invite
- invoke
- make a petition
- make a request
- make a requisition
- make appeal
- make application
- make bold to ask
- make earnest entreaty
- petition
- plead for
- plead with
- prefer a petition
- prefer a request
- prefer an appeal
- press
- put to
- put up a request
- request
- solicit
- sue
- supplicate
- turn to
- urge
(Appeal), noun
- address
- adjuration
- application
- beseechment
- bid
- cry
- earnest request
- entreaty
- impetration
- imploration
- importunity
- insistent demand
- instance
- invocation
- invocatory plea
- invocatory prayer
- motion
- obsecration
- obtestation
- petition
- plea
- prayer
- request
- requirement
- requisition
- solemn entreaty
- solicitation
- suit
- supplication
- vox
- Associated Concepts: adjournment of a term of the court subject to call
- calendar call
- call contract
- call prior to maturity
- calls for more margin
- dismissal for failure to answer a call
(Demand), verb
- ask for with authority
- assert a right to
- claim
- claim as a right
- clamor for
- command
- cry for
- demand
- deposcere
- exact
- flagitare
- insist on
- lay claim to
- make a demand
- make an authoritative request
- make claims upon
- make requisition
- necessitate
- oblige
- order
- prescribe
- present an ultimatum
- present one”s claim
- press
- put in a claim for
- render necessary
- require
- require of others
- requisition
- send an order for
(Option), noun
- alternative
- choice
- decision
- demand made on a stock holder
- discretion
- discretionary order
- freedom of choice
- liberty of action
- opportunity
- requirement
- requisition
- right of put and call
- stock agreement
- Associated Concepts:
English Spanish Translation of Call
To call: Convocar
Find other English to Spanish translations from the Pocket Spanish English Legal Dictionary (print and online), the English to Spanish to English dictionaries (like Call) and the Word reference legal translator.
Translate Call from English to Spanish
Translation of Call, with examples. More about free online translation into Spanish of Llamada and other legal terms is available here.
- Llamada
- Llamado
- Citación
- Convocación (de sesión o reunión)
- Legal English Translation
What does Call mean in American Law?
The definition of Call in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A term of wide legal application, the constant core meaning of which is the attempted initiation of another”s act under claim of right. Because call is closer to demand than to request, it often is accompanied by some formality. Thus certain members of organizations may be empowered (e.g., by bylaws) to “call” a meeting, and by the terms of some obligations (e.g., notes, bonds) the creditor may be given the right to “call” them under certain circumstances (e.g., the borrower”s insolvency), i.e., to demand early payment. An important modem use of “call” refers to a right to demand that a certain quantity of securities, especially shares of common stock, be delivered at a particular price by a particular date (for more details on which see put, call, and straddle). See also option. “Call,” however, is used very differently by conveyancers, to mean any reference in a real property description (e.g., to an artificial marker, a natural object, a distance between or among them, etc.) used to delineate the extent and shape of the property being conveyed or encumbered.
Call in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of call.
Resources
See Also
- Law Enforcement Officer
- Police Officer
- Law Enforcement Agency
Further Reading
- call in A Dictionary of Law Enforcement (Oxford University Press)
- call in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
English Legal System: Call
In the context of the English law, A Dictionary of Law provides the following legal concept of Call :
1. A ceremony at which students of the Inns of Court become barristers. The name of the student is read out and he is “called to the Bar” by the Treasurer of his In Call ceremonies take place four times a year, once in each dining term.
2. A demand by a company under the terms of the articles of association or an ordinary resolution requiring company members to pay up fully or in part the nominal value of their shares. Unless the articles provide otherwise, calls must be made equally upon all shareholders of the same class. Calls should be distinguished from instalments, which become due upon a date predetermined at the time the shares were issued.
See also paid-up capital.
Legal Usage of So-called in English
An European Commission document offers the following explanation about the misused of So-called:This is a risky term to use; although some dictionaries allow the meaning ‘commonly known as’, others, like the Collins dictionary, emphasise that its use casts doubt on the veracity of the term it introduces = ‘called (in the speaker’s opinion, wrongly) by that name’. In the example below, it implies that the author wishes to cast doubt on the fact that the system is really transitional. Furthermore, to cite the American heritage dictionary, ‘quotation marks are not used to set off descriptions that follow expressions such as so-called and self-styled, which themselves relieve the writer of responsibility for the attribution’. This use of ‘so-called’ followed by quotation marks is very common in European Union texts (second example) and should be avoided.
Examples
‘The EESC notes that the so-called transitional system for the application of the minimum standard rate of VAT, set at 15 %, which was adopted back in 1992 and is due to expire on 31 December 2010, needs to be extended152.’ ‘With dimensions of approximately 8,5 _ 30 _ 23 cm, designed for monitoring the respiratory and anaesthetic gases of a patient under medical treatment (so-called ‘Gas Analyser Module’)153.’
Alternatives
Often, as in the two
Examples
above, ‘so-called’ is superfluous and the other term can stand alone. In other cases we can say ‘known as’ or ‘this is called’. Occasionally we may use inverted commas, though here too there is a risk that they will be misinterpreted.
Resources
Further Reading
- David Mellinkoff, “Mellinkoff’s Dictionary of American Legal Usage”, West Publishing Company, 1992
- Bryan A. Garner, “A Dictionary of Modern Legal Usage”, West Publishing Company, 1995
Concept of Call in the context of Real Property
A short definition of Call: In metes and bounds description, the angle and distance of a given line or arc. Each call is usually preceeded by the word “then” or “thence”. Example: N 22% E 100′ (1st call), thence N 80% E 100′ (2nd call). (2) To demand payment due to default. Also used when a loan payment is not large enough to amortize the loan. Example: A mortgage payment requiring 20 years to pay in full but for a term of 5 years would be referred to as a 20-year amortization with a 5- year call.
Concept of Call in the context of Real Property
A short definition of Call: In metes and bounds description, the angle and distance of a given line or arc. Each call is usually preceeded by the word “then” or “thence”. Example: N 22% E 100′ (1st call), thence N 80% E 100′ (2nd call). (2) To demand payment due to default. Also used when a loan payment is not large enough to amortize the loan. Example: A mortgage payment requiring 20 years to pay in full but for a term of 5 years would be referred to as a 20-year amortization with a 5- year call.
English Spanish Translation of Call
To call: Convocar
Find other English to Spanish translations from the Pocket Spanish English Legal Dictionary (print and online), the English to Spanish to English dictionaries (like Call) and the Word reference legal translator.
Translate Call from English to Spanish
Translation of Call, with examples. More about free online translation into Spanish of Llamada and other legal terms is available here.
- Llamada
- Llamado
- Citación
- Convocación (de sesión o reunión)
- Legal English Translation
What does Call mean in American Law?
The definition of Call in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A term of wide legal application, the constant core meaning of which is the attempted initiation of another”s act under claim of right. Because call is closer to demand than to request, it often is accompanied by some formality. Thus certain members of organizations may be empowered (e.g., by bylaws) to “call” a meeting, and by the terms of some obligations (e.g., notes, bonds) the creditor may be given the right to “call” them under certain circumstances (e.g., the borrower”s insolvency), i.e., to demand early payment. An important modem use of “call” refers to a right to demand that a certain quantity of securities, especially shares of common stock, be delivered at a particular price by a particular date (for more details on which see put, call, and straddle). See also option. “Call,” however, is used very differently by conveyancers, to mean any reference in a real property description (e.g., to an artificial marker, a natural object, a distance between or among them, etc.) used to delineate the extent and shape of the property being conveyed or encumbered.
Call in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of call.
Resources
See Also
- Law Enforcement Officer
- Police Officer
- Law Enforcement Agency
Further Reading
- call in A Dictionary of Law Enforcement (Oxford University Press)
- call in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
English Legal System: Call
In the context of the English law, A Dictionary of Law provides the following legal concept of Call :
1. A ceremony at which students of the Inns of Court become barristers. The name of the student is read out and he is “called to the Bar” by the Treasurer of his In Call ceremonies take place four times a year, once in each dining term.
2. A demand by a company under the terms of the articles of association or an ordinary resolution requiring company members to pay up fully or in part the nominal value of their shares. Unless the articles provide otherwise, calls must be made equally upon all shareholders of the same class. Calls should be distinguished from instalments, which become due upon a date predetermined at the time the shares were issued.
See also paid-up capital.
Legal Usage of So-called in English
An European Commission document offers the following explanation about the misused of So-called:This is a risky term to use; although some dictionaries allow the meaning ‘commonly known as’, others, like the Collins dictionary, emphasise that its use casts doubt on the veracity of the term it introduces = ‘called (in the speaker’s opinion, wrongly) by that name’. In the example below, it implies that the author wishes to cast doubt on the fact that the system is really transitional. Furthermore, to cite the American heritage dictionary, ‘quotation marks are not used to set off descriptions that follow expressions such as so-called and self-styled, which themselves relieve the writer of responsibility for the attribution’. This use of ‘so-called’ followed by quotation marks is very common in European Union texts (second example) and should be avoided.
Examples
‘The EESC notes that the so-called transitional system for the application of the minimum standard rate of VAT, set at 15 %, which was adopted back in 1992 and is due to expire on 31 December 2010, needs to be extended152.’ ‘With dimensions of approximately 8,5 _ 30 _ 23 cm, designed for monitoring the respiratory and anaesthetic gases of a patient under medical treatment (so-called ‘Gas Analyser Module’)153.’
Alternatives
Often, as in the two
Examples
above, ‘so-called’ is superfluous and the other term can stand alone. In other cases we can say ‘known as’ or ‘this is called’. Occasionally we may use inverted commas, though here too there is a risk that they will be misinterpreted.
Resources
Further Reading
- David Mellinkoff, “Mellinkoff’s Dictionary of American Legal Usage”, West Publishing Company, 1992
- Bryan A. Garner, “A Dictionary of Modern Legal Usage”, West Publishing Company, 1995
Concept of Call in the context of Real Property
A short definition of Call: In metes and bounds description, the angle and distance of a given line or arc. Each call is usually preceeded by the word “then” or “thence”. Example: N 22% E 100′ (1st call), thence N 80% E 100′ (2nd call). (2) To demand payment due to default. Also used when a loan payment is not large enough to amortize the loan. Example: A mortgage payment requiring 20 years to pay in full but for a term of 5 years would be referred to as a 20-year amortization with a 5- year call.
Concept of Call in the context of Real Property
A short definition of Call: In metes and bounds description, the angle and distance of a given line or arc. Each call is usually preceeded by the word “then” or “thence”. Example: N 22% E 100′ (1st call), thence N 80% E 100′ (2nd call). (2) To demand payment due to default. Also used when a loan payment is not large enough to amortize the loan. Example: A mortgage payment requiring 20 years to pay in full but for a term of 5 years would be referred to as a 20-year amortization with a 5- year call.
Leave a Reply