call

A reference made in a description of real estate to a course, distance, marker, monument, or a natural object such as a tree, stream, rock, etc., by which a boundary is to be determined; stopping at a place for a social visit, or, in the case of a physician, a professional visit; a notice by an obligor that its securities are being redeemed; a notice of a meeting to be held by the stockholders or board of directors of a corporation; an assessment made upon the members of an association, club, or society; it demand on a subscriber to stock in a corporation for an additional contribution to the capital of the corporation; an option to purchase property, particularly corporate stock, securities, or commodities, at a stipulated price, on or before a specific future date or within a specified future period of time, say, 30, 60, or 90 days. See on call; port of call.