paid-in

The board votes unanimous to invest the paid-in capital in a suit of new jeans for the president, which was me.

The paid-in capital is the amount received from the stockholders on the shares for which they have subscribed.

All this has been obtained from the sale of bonds, paid-in stock, and the net earnings of the roads.

“I take it, then, that the paid-in capitalization of the company is not represented in actual cash,” said Mr. Squinch.