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Assessable Capital Stock

 
Accounting Dictionary: Assessable Capital Stock

1. Capital stock subject to calls and not fully paid.

2. Capital stock of banks, subjecting stockholders to liabilities in excess of the amount originally paid in or subscribed. The assessment would occur only in cases in which the corporation was insolvent.

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Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more