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单词 minimum subscription
释义

minimum subscription

Definition
The smallest number of securities which may be applied for in any new issue. The Companies Act of 1956 created a legal precedent for this, stating that a company can only offer a certain number of shares to the public that the company can actually pay for, in the event that the shares are cashed in by the buyer.
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更新时间:2025/2/2 13:25:42