called-up capital


Also found in: Dictionary.

called-up capital

the amount of issued share capital which shareholders have been called upon to subscribe to date, where a JOINT-STOCK COMPANY issues shares with phased payment terms. For example, a company may issue £1 shares with 50p payable immediately upon application by intending share-holders, a further 25p upon ALLOTMENT of the shares to shareholders and the final 25p three months later. Here the called-up capital at the time of allotment of shares would be 75p times the number of shares allotted. Called-up capital is usually equal to PAID-UP CAPITAL unless there are any calls in arrears – shares on which subsequent instalments are owing. See SHARE ISSUE.

called-up capital

the amount of ISSUED SHARED CAPITAL that shareholders have been called upon to subscribe to date where a JOINT-STOCK COMPANY issues SHARES with phased payment terms. Called-up capital is usually equal to PAID-UP CAPITAL except where some shareholders have failed to pay instalments due (CALLS IN ARREARS). See SHARE ISSUE.