Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,895,892,260 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Authorized Shares

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Authorized shares
Number of shares authorized for issuance by a firm's corporate charter.

Authorized Shares
The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. Typically, the number of authorized shares is larger than the required amount in order to give a company the greatest amount of flexibility. Authorized shares are also called authorized capital stock or simply authorized stock.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Stockholders also approved a related proposal to increase the number of authorized shares of Penton common stock to 155 million, as well as a proposal to remove the redemption feature of the preferred stock.
America Online is seeking shareholders' permission to more than triple the number of authorized shares outstanding, according to a filing with the Securities and Exchange Commission.
Since the Company presently does not have a sufficient number of authorized shares required to effectuate the increase in authorized shares after the split, the Company's Board has authorized increasing the authorized share number to 60 million, to handle the split and any possible future capitalization needs.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.