Assessable Capital Stock

(redirected from Assessable Capital Stocks)

Assessable Capital Stock

1. The capital stock of a bank that, in the event of insolvency, exposes shareholders to liabilities over and above what they originally invested.

2. Capital stock that the holder has not paid in full and that is therefore subject to a call.
References in classic literature ?
My brother Masons swear by the blood that they are ready to sacrifice everything for their neighbor, but they do not give a ruble each to the collections for the poor, and they intrigue, the Astraea Lodge against the Manna Seekers, and fuss about an authentic Scotch carpet and a charter that nobody needs, and the meaning of which the very man who wrote it does not understand.