capital and surplus
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 256 U.S. 377 - LaBelle Iron Works v. United States · 1921Most cited · 123 citing opinions
merely the excess of all assets at actual values over outstanding liabilities, and "surplus" means the intrinsic value of all assets over and above outstanding liabilities plus par of the stock, is beside the mark.