called up capital

share capital in a company which has been called up. The share capital becomes fully paid when all the authorised shares have been called up.

"...a circular to shareholders highlights that the company's net assets as at August 1, amounted to £47.9 million - less than half the company's called-up share capital of £96.8 million. Accordingly, an EGM has been called for October 7" [Times]

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functional budget
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