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authorized stock

/ɔːˈθɔːraɪzd stɒk/
Main Example

The company has a total of one million shares of authorized stock.

Example context
Grammatical Info:
Noun (n.)

A type of stock that a company is allowed to issue according to its corporate charter.

Other Example
Synonyms
Synonyms

authorized stock

/ɔːˈθɔːraɪzd stɒk/
Main Example

The authorized stock is ready for sale to investors.

Example context
Grammatical Info:
Adjective (adj.)

Describing stock that has been officially approved for issuance by a company.

Other Example
Synonyms
Synonyms

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