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English definition of “authorized share capital”

authorized share capital

noun [U]
 
 
(also authorized capital, also UK authorised capital, also authorized shares, also authorized stock) FINANCE
the largest number of shares that a company can offer for sale at a particular time: Shareholders approved an increase of 32.6% in the bank's authorized share capital. → See also nominal capital, registered capital → Compare capital stock, issued capital, nominal capital, share capital, uncalled capital
(Definition of authorized share capital from the Cambridge Business English Dictionary © Cambridge University Press)
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