authorized shares
Definition
The maximum number of shares of stock that a company can issue. This number is specified initially in the company's charter, but it can be changed with shareholder approval. Generally a much greater number of shares are authorized than required, to give the company flexibility to issue more stock as needed. also called authorized stock or shares authorized.
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'authorized shares
' appears in the definitions of these terms on BusinessDictionary.comissued share capital, alteration of share capital, memorandum of association, authorized capital, authorized share capital, and 
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