| 释义 |
allotment
n. A method of acquiring previously unissued shares in a limited company in exchange for a contribution of capital. An application for such shares will often be made on the flotation of a public company or on the privatization of a state-owned industry. The company accepts the application by dispatching a letter of allotment to the applicant stating how many shares he has been allotted; he then has an unconditional right to be entered in the register of members in respect of those shares. If he has been allotted fewer shares than he has applied for, he receives a cheque for the unallotted balance (an application must be accompanied by a cheque for the full value of the shares applied for). See also authorized capital; return. |