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Authorized Stock |
Also found in: Dictionary/thesaurus, Hutchinson | 0.04 sec. |
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Authorized Stock The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet. Notes: 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.Also known as "authorized shares" or "authorized capital stock". See also: Balance Sheet, Capital Account, Corporation, Float, Fundamental Analysis, Outstanding Shares, Stock |
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? Mentioned in | ? References in periodicals archive | ||
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| As part of a previously authorized stock repurchase program, the Company is also currently permitted to purchase approximately an additional $32 million of its shares of Class A Common Stock, subject to market conditions. 61 Consolidated Reported Operating Income Increases 8% Versus Year Ago Quarter Net New DSL Subscribers Increase 61% Versus Year Ago Quarter End CTE Completes $150 Million Authorized Stock Repurchase Program The transaction will be effective immediately upon ratification of Positron Corporation's increase of its authorized stock. |
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Authorized Stock
