MINIMUM SUBSCRIPTION
\mˈɪnɪməm sʌbskɹˈɪpʃən], \mˈɪnɪməm sʌbskɹˈɪpʃən], \m_ˈɪ_n_ɪ_m_ə_m s_ʌ_b_s_k_ɹ_ˈɪ_p_ʃ_ə_n]\
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In any new issue this is the smallest securities share count allowed to be applied for. Legal precedent for this was set in the Companies Act of 1956. The law states that a company must be able to pay for the share count offered to the public in case the buyers cash in all the shares.
By Henry Campbell Black
