Also known as "authorized shares" or "authorized capital stock".
This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
authorized stock — also authorised stock ➔ stock1 * * * authorized stock UK US noun [U] ► FINANCE AUTHORIZED SHARE CAPITAL(Cf. ↑authorized share capital) … Financial and business terms
authorized stock — noun the maximum number of shares authorized under the terms of a corporation s articles of incorporation • Syn: ↑authorized shares, ↑capital stock • Hypernyms: ↑stock … Useful english dictionary
authorized stock issue — n. The number of shares of stock a corporation is allowed to sell under its charter. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
authorized stock issue — Total number of shares of capital stock which charter or articles of incorporation permits corporation to sell. The shares of all classes a domestic or foreign corporation is authorized to issue. Rev. Model Bus. Corp. Act, No. 1.40 … Black's law dictionary
authorized share capital — UK US noun [U] (also authorized capital, also UK authorised capital, also authorized shares, also authorized stock) FINANCE ► the largest number of shares that a company can offer for sale at a particular time: »Shareholders approved an increase… … Financial and business terms
stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… … Black's law dictionary
stock — physical items ( inventory) that a business uses in its production process or has for sale in the ordinary course of doing business. Glossary of Business Terms Ownership of a corporation indicated by shares, which represent a piece of the… … Financial and business terms
Stock — Ownership of a corporation which is represented by shares which represent a piece of the corporation s assets and earnings. The New York Times Financial Glossary * * * ▪ I. stock stock 1 [stɒk ǁ stɑːk] noun 1. [countable, uncountable] especially… … Financial and business terms
Authorized Share Capital — The number of stock units that a publicly traded company can issue as stated in its articles of incorporation, or as agreed upon by shareholder vote. Authorized share capital is often not fully used by management in order to leave room for future … Investment dictionary
authorized shares — noun the maximum number of shares authorized under the terms of a corporation s articles of incorporation • Syn: ↑authorized stock, ↑capital stock • Hypernyms: ↑stock … Useful english dictionary