Contribution

When two or more parties jointly owe a debt and one is compelled to pay the whole of it the others are bound to indemnify him for the payment of their shares; an indemnifying payment is called a contribution.: Contributory. A legal term used in Great Britain to designate the holder of stock or of shares not fully paid up, so that the holder is liable to contribute further calls. The term is generally used in winding up (liquidation) proceedings.