What is the definition of Authorized capital? | Dictionary.net

AUTHORIZED CAPITAL

\ˈɔːθəɹˌa͡ɪzd kˈapɪtə͡l], \ˈɔːθəɹˌa‍ɪzd kˈapɪtə‍l], \ˈɔː_θ_ə_ɹ_ˌaɪ_z_d k_ˈa_p_ɪ_t_əl]\

Definitions of AUTHORIZED CAPITAL

1910 - Black's Law Dictionary (2nd edition)

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The maximum number of shares of COMMON STOCK a company is permitted to issue, per the terms of its ARTICLES OF INCORPORATION. Issuance in excess of authorized capital requires an amendment to the articles.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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