Partly Paid Shares
/ˈpɑːrtli peɪd ʃɛərz/
Definitions
- (n.) Shares of a corporation for which only a portion of the nominal value has been paid by the shareholder, with the balance payable on call by the company.
The investor purchased partly paid shares, expecting to pay the remaining balance when the company issued a call.
Forms
- partly paid shares
- partly paid share
Related terms
See also
Commentary
Partly paid shares involve ongoing payment obligations; clarity in shareholder rights and calls is essential in drafting agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.