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Simple English definitions for legal terms
roll call
Read a random definition: Short sale
A quick definition of roll call:
Roll call is when someone calls out the names of a group of people to see who is present. This is often done in school or at meetings to make sure everyone is there. It can also be used to take a vote or to see who is in favor of something. In some cases, a roll call can be used to make sure there are enough people present to make important decisions. Roll call can also refer to a demand for payment of money or a request for a security to be redeemed before its maturity date.
A more thorough explanation:
Definition: Roll call is a process of taking attendance or a vote by calling out the names of individuals on a list. It can also refer to a demand for payment of money or a request for someone to come or assemble.
- In a classroom, the teacher may take roll call at the beginning of each class to ensure all students are present.
- In a legislative body, a roll call vote may be taken to record each member's vote on a particular issue.
- A securities broker may issue a margin call to a customer if the market prices of securities are falling, demanding that the customer put up more money or stock as collateral.
- A company may issue a call option, giving the holder the right to buy a certain amount of stock at a specified price before a certain date.
These examples illustrate how roll call can be used in different contexts, from taking attendance in a classroom to making financial demands in the stock market.