Under a tax-exempt lease arrangement, a public partner finances capital assets or facilities by borrowing funds from a private investor or financial institution. The private partner generally acquires title to the asset, but then transfers it to the public partner either at the beginning or end of the lease term. The portion of the lease […]
The amount of capital, both equity and preference, paid up by the shareholders against the capital subscribed to by them.
The amount of equity and preference capital subscribed to by the shareholders either fully or partly paid up with calls in arrears.