When shareholders make default in the payment of allotment money or call money due from them, it is termed as .

under subscription

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calls in arrears

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calls in advance

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Solution

The correct option is C calls in arrears
The shareholders' default in the payment of allotment money or calls due from them is called calls in arrear.

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When shareholders make default in the payment of allotment money or call money due from them, it is termed as__________

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