Called-up capital financial definition of called-up capital
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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.