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What is the term used for the demand made by a company asking shareholders to remit the remaining unpaid amount on shares allotted to them?
  • a)
    Allocation
  • b)
    Distribution
  • c)
    Call
  • d)
    Collection
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is the term used for the demand made by a company asking sharehol...
A call is a demand made by the company to its shareholders to pay the remaining unpaid amount on shares allotted to them. Calls can be made in one or more installments depending on the company's financial needs.
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