(Authorized stock) Authorized shares are the shares described in the Articles of Incorporation specifying the maximum number of shares that a corporation is permitted to issue (without filing an Amendment to its Articles specifying a greater number). Usually, more shares are authorized than are issued, so the corporation has a reserve for the future.
Authorized shares are the shares described in the articles of incorporation which a corporation is permitted to issue. It is often advisable to authorize more shares than will be issued so that the company has a reserve for the future.
the maximum number of shares authorized under the terms of a corporation's articles of incorporation
The total number of shares of capital stock which the charter or articles of incorporation permit the corporation to sell. The corporation does not have to sell (issue) all authorized shares of stock.
The number of shares that a corporation has the power to issue as stated in the articles of incorporation. This is the number of shares the corporation can issue without amending the articles (shareholders must agree to a change in the articles to increase the number of authorized shares).
The number of shares of a particular class of stock authorized for issuance by a corporation as prescribed by its articles of incorporation.
The maximum number of shares of stock a corporation may issue according to its articles of incorporation. If additional shares are to be issued either to be sold or because of a stock split or dividend, the corporation must file an amendment with the state.
Are the number of shares that a corporation may issue. They represent the maximum shares that can be outstanding. See Issued Shares and Treasury Stock for related terms.
The number of shares, in total, that a corporation is able to issue, as indicated in the Certificate of Incorporation
The total number of shares a corporation is authorized to sell. This number is specified in the articles of incorporation. All of the shares authorized need not be issued.
The maximum number of shares that a corporation may issue pursuant to its articles of incorporation.
Maximum number, of any class, of shares a company may legally issue under the terms of its articles of incorporation. Benefit (or Gain) The gain realized on the execution of an equity entitlement. The benefit/gain is the difference between the Grant price and the Market price at the time of transaction.
The maximum number of common shares which a corporation may issue. This amount is set at the time of incorporation and is part of the Corporation Charter.
Number of shares authorized for issuance by a firm's corporate charter.
The number of shares of a corporations stock that the corporation has the authority to issue and the authorized shares of a class of stock is stated in a corporation's articles of incorporation.
The number of shares a company is legally allowed to sell.
Also called "authorized stock", it is the maximum number of shares of any class that a corporation may issue. This amount is set at the time of incorporation and is part of the Articles of Incorporation. A corporation provides for future increases in authorized stock by the votes of stockholders. The corporation does not have to issue all the authorized shares. See: Articles Of Incorporation
Shares of a company's stock that have been properly approved for sale or other distribution but which may or may not have been issued as of yet (i.e. shares may be authorized but not yet issued).