net capital stock

The difference between the total assets and the total liabilities of a corporation. It may be in the form of three items: (1) Capital, which represents the original amount contributed in money or property or services; (2) surplus, which represents the earlier undistributed profits; and (3) undivided profits, which are the later, and usually smaller, undistributed profits. Anno: 45 ALR 1505.

Ballentine's law dictionary. . 1998.

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