legal capital

Legal capital

Value at which a company's shares are recorded in its books.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Legal Capital

The par value of all of a company's shares outstanding. Legal capital may not be distributed as dividends, or as anything else. It is also called stated capital.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

legal capital

Capital that by law or resolution must remain within a firm and that is restricted for purposes of dividends or other distributions. Legal capital is generally equal to the par or stated value of all outstanding stock. Also called stated capital.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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