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Call

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CALL. A term used on the English and American stock ex changes for a contract by which, in consideration of a certain sum, an "option" is given by the person making or signing the agree ment to another named therein or his order or to bearer, to "call" for a specified amount of stock at a certain day for a certain price. A "put," which is the reverse of a "call," is the option of selling (putting) stock at a certain day for a certain price. A combined option of either calling or putting is termed a "straddle," and sometimes on the American stock exchange a "spread-eagle." The word is also used in connection with joint-stock companies, to signify a demand for instalments due on shares, when the capital of the company has not been demanded or "called" up at once. (See OPTIONS.)

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