allotment

allotment
A method of distributing 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 have been allotted; the applicant then has an unconditional right to be entered in the register of members in respect of those shares. If the number of shares applied for exceeds the number available (oversubscription), allotment is made by a random draw or by a proportional allocation. An applicant allotted fewer shares than applied for, is sent 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 multiple application

Big dictionary of business and management. 2014.

Игры ⚽ Поможем написать курсовую
Synonyms:

Look at other dictionaries:

  • Allotment — may refer to: * Allotment (gardening), in the United Kingdom, a small area of land, let out at a nominal yearly rent by local government or independent allotment associations, for individuals to grow their own food. * Allotment (financial), a… …   Wikipedia

  • allotment — I noun adsignatio, allocation, annuity, appointment, apportionment, appropriation, arrangement, assignment, assignment by share, designation, dispensation, disposal, disposition, distribution, distribution by lot, dole, ordering, partition,… …   Law dictionary

  • Allotment — Al*lot ment, n. [Cf. OF. alotement, F. allotement.] 1. The act of allotting; assignment. [1913 Webster] 2. That which is allotted; a share, part, or portion granted or distributed; that which is assigned by lot, or by the act of God; anything set …   The Collaborative International Dictionary of English

  • Allotment — 1) выделение 2) распределение 3) разверстка 4) часть, доля Словарь бизнес терминов. Академик.ру. 2001 …   Словарь бизнес-терминов

  • allotment — (n.) 1570s, action of allotting, from M.Fr. allotement, from O.Fr. aloter (see ALLOT (Cf. allot)). Or else a native formation from allot + ment. Meaning portion assigned to someone or some purpose is from 1670s …   Etymology dictionary

  • allotment — [n] portion assigned or given allocation, allowance, apportionment, appropriation, bite, chunk, cut, cut of pie*, end, grant, lot, measure, part, piece, piece of the action*, quota,rake off*, ration, share, slice, split, stint*; concept 835 …   New thesaurus

  • allotment — ► NOUN 1) Brit. a plot of land rented by an individual from a local authority, for growing vegetables or flowers. 2) the action of allotting. 3) an amount of something allotted …   English terms dictionary

  • allotment — [ə lät′mənt] n. 1. an allotting or being allotted 2. a thing allotted; portion; share 3. Brit. a small plot of public land rented to an individual for growing vegetables or flowers 4. Mil. a portion of one s pay regularly deducted, as for one s… …   English World dictionary

  • allotment — A share or portion; that which is allotted; apportionment; division; the distribution of shares in a public undertaking or corporation. Partition; the distribution of land under an inclosure act. The term ordinarily and commonly used to describe… …   Black's law dictionary

  • allotment — A share or portion; that which is allotted; apportionment; division; the distribution of shares in a public undertaking or corporation. Partition; the distribution of land under an inclosure act. The term ordinarily and commonly used to describe… …   Black's law dictionary

  • allotment — The number of securities assigned to each of the participants in an underwriting syndicate. Bloomberg Financial Dictionary * * * allotment al‧lot‧ment [əˈlɒtmənt ǁ əˈlɑːt ] noun [countable] 1. an amount or share of something such as money or time …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”