Paid-up Capital

Paid-up Capital - Paid-up Capital is the amount in the currency paid by a subscriber or subscribers in payment of a bank stock or stocks when issued. Bank stock is unsubscribed at less than par and the payment is in cash currency. If issued at a premium it is listed paid-up capital in full. The excess over par, if the stock certificate is issued is resolved through the directors and set aside as a rest or a reserve. Funding within the meaning of the expression in the Bank Act, earning a substantial amount over the dividends paid to the current holders of stock.