Overissue

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Overissue

An excess of issued shares over authorized shares.

Overissue

A situation in which a company issues more shares than it has authorized shares.
References in periodicals archive ?
1877) (offering a brief exposition of overissued and watered stock and of directors' liability for fraud); FIELD, TREATISE, supra note 2, at 206-09, 246-47 (2d ed.
The Company's Board of Directors has ratified the issuance of the Overissued Shares.
Whereas the quantitative test, sheared of its inventory proviso, stated that money and credit cannot be overissued when they move one-for-one with the value of real output, the qualitative test assures that this outcome is automatically achieved when banks lend only on real bills--in other words, when loan expansion goes 100 percent to finance working capital needs and 0 percent to finance fixed capital investment and stock market speculation.
Indeed, as noted above, they contended that since superfluous money finds no borrowers at any interest rate, the Bank could not have overissued even if it had sought to do so.