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Inga [223]
3 years ago
11

The excess money received on application

Mathematics
2 answers:
Romashka-Z-Leto [24]3 years ago
8 0

Under pro-rata allotment, the excess application money received is adjusted against the amount due on allotment or calls.

Andrej [43]3 years ago
7 0

Answer:

the application money on partially accepted applications is more than the amount necessary for discharging the total obligations towards application and allotment money, then the excess money is returned to the applicants

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