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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • When the shares are not payable in lump sum, they can be ...
Multiple choice

When the shares are not payable in lump sum, they can be called in a number of installments. Here, the first installment is called the

  1. application money

  2. allotment money

  3. first call money

  4. final call money

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Share application money is the money received by a company during an IPO.

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