Authorized shares

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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.
References in periodicals archive ?
00 of authorized share capital for the purpose of issuing (exclusive of pre-emptive subscription rights of the existing shareholders) a maximum of 7,500,000 registered shares to be used exclusively as consideration for the acquisition of the International Wealth Management business of Bank of America Merrill Lynch outside the United States.
n authorized shares, not only to complete the settlement agreements, but also to ensure that the company can continue to fund its research and development and clinical programs well into the future.

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